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Micron's stock gains further after hours on $10 billion buyback plan

Micron Technology Inc. MU, +3.91% stocks moved higher within the prolonged session Monday after the memory-chip maker introduced that its board approved a plan to shop for back as much as $10 billion in stocks. Micron stocks rallied 3.7% after hours, following a 3.nine% gain to near at $55.48 within the regular session when the corporate hiked its outlook for the fiscal third quarter. The announcement comes as Micron stated it plans to return a minimum of 50% of free cash go with the flow to shareholders beginning in fiscal 2019.

Read the full tale: Chip-maker shares upward push on stepped forward Micron outlook, hope of thaw in U.S.-China industry tensions