shares of zebra technologies corp zbra were indicated up about 2 in premarket trading tuesday after the maker of automatic identification and data capture products boosted its share repurchase authorization by 1 billion the company said the new authorization supplements the 1 billion program announced in july 2019 which has about 200 million remaining the approximately 12 billion in repurchase authorization the company now has represents about 69 of zebras market capitalization of 1729 billion as of mondays close our strong balance sheet and free cash flow profile provide us the flexibility to return capital to shareholders while continuing to pursue organic and inorganic investment opportunities that advance our enterprise asset intelligence vision chief executive anders gustafsson said the stock has tumbled 447 year to date through monday while the sp 500 spx has declined 159