Micron spikes over 5% higher after saying share repurchases may resume

Shares are currently up $4.45 or 5% in pre-market trading to $93.60. after disclosing earlier, in an 8K filing that “the company determined that repurchases may resume, which will help offset dilution from employee stock purchase programs. The company maintains its commitment to further strengthening its balance sheet and sustaining its investment grade credit rating.”