Micron Stock Jumps 5% After Company Determines Share Repurchases May Resume

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Micron Stock Jumps 5% After Company Determines Share Repurchases May Resume

Tiger Newspress08-07

Micron stock jumps 5% in premarket trading.

Micron Technology (MU) on Wednesday said it has determined that share repurchases may resume thanks to improved conditions, according to a filing with the US Securities and Exchange Commission.

The company disclosed the suspension of its repurchase program on Dec. 21, 2022 due to an industry downturn. The resumption of the repurchase program will help offset dilution from employee stock purchase programs, Micron said.

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