Micron Technology Inc. (MU) announced Monday morning that its Board of Directors has authorized the discretionary repurchase of up to $1 billion of its outstanding common stock.
Micron Technology gapped open higher Monday and advanced further around mid-morning. Shares finished up by 1.24 at $32.30. The stock climbed to a 2 1/2 week high and re-crossed its 50-day moving average.
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