The biggest piece of news to come out of Micron Technology's (NASDAQ: MU)May 21 analyst and investor event was a massive $10 billion share buyback program. Starting in September, the memory chip manufacturer plans to transition from debt reduction to capital returns, aiming to use at least 50% of its free cash flow to scoop up its own shares.
Micron's Buyback Strategy: Sell Low and Buy High
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