Why Micron Stock Rallied on Thursday
The chipmaker has big plans for its growing cash pile.
Overview
Shares of Micron Technology (NASDAQ: MU) charged sharply higher on Thursday, jumping as much as 7.3%. As of 2:04 p.m. ET, the stock was still up 6.6%.
The catalyst that sent the semiconductor specialist higher was media reports detailing the company's upcoming capital allocation plans.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.