Can Phinia Stock Compound Your Money?

Over the past three months, shares of Phinia (PHIN) have lost 28%, even as the S&P 500 gained 3.8%. The company has spent three years repurchasing its stock, reducing its total count by 19.1%. Those buybacks leave each remaining share with a larger claim on the business and its profits. So has that bigger slice meant more earnings for each share you hold.