Micron Shares Close at $1,029 as Buyback Authorization Reaches $35.16B
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Micron Technology shares closed at $1,029 on Oct. 9 after falling 0.66%, while the memory-chip maker’s latest results and expanded buyback authorization set the backdrop for its fiscal 2027 outlook. The close was recorded at 4 p.m. ET (2000 UTC). The company’s board increased its total discretionary share-repurchase authorization to $35.16 billion on Oct. 8. Micron may begin repurchasing shares on Dec. 9 under its CHIPS Act direct-funding agreements. The authorization does not require the company to buy shares, has no expiration date and remains subject to market conditions, CHIPS Act restrictions and Micron’s assessment of the best use of…
Source: TokenPost
