Service Corp $SCI has confirmed a Resurrection Cross on December 20, 2022. The stock is in a technical uptrend pattern.
In the United States and Canada, Service Corporation International offers products and services related to funeral services. The business is divided into segments for funeral and cemeteries. Crematoria, funeral homes, cemeteries, funeral homes with cemeteries attached to them, and other businesses make up its funeral and cemetery operations. The business also offers expert funeral and cremation services, such as the use of funeral homes and vehicles, services for planning and directing funerals, removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering. It also sells funeral supplies, such as caskets for burial and related items, urns and other cremation receptacles, outer burial containers, flowers, video and online tributes, stationery products, casket and cremation memorialization items, and other ancillary goods.
Service Corp. Board Increases Share Buyback
On November 2, 2022, the company announced that its Board of Directors had increased the authorized level of repurchases of its common stock by approximately $350 million.
When combined with approximately $250 million of authority remaining under the existing program, this represents a total of $600 million of current share repurchase authority.