Micron's stock price exceeds $1,000, reaching a $1.2 trillion market capitalization
MU Micron Technology Inc
$1088.00 +4.06%
View chart & analysis → - 1Micron's stock price has recorded a 485% increase over the past year.
- 2Micron's share price exceeded $1,000, reaching a market capitalization of $1.2 trillion.
- 3CFO Mark Murphy stated that excess cash will primarily be returned through share buybacks.
So what's the key point?
Micron's stock price rose significantly, bringing its market value to $1.2 trillion. The company plans to use its extra cash to buy back its own shares and return value to shareholders.
Source The Motley Fool +1 · View original ↗
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