$SK hynix(SKHY)$ $Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ $Invesco QQQ(QQQ)$ SK Hynix surprised the market by buying back 3.3% of its outstanding shares as part of its shareholder return plan. The company is wrapping up employee and union negotiations and apparently saw the weak market as a good time to start repurchasing stock. The timing looks quite opportune.
SNDK is up 100 points since the news came out, SK Hynix is up 12 points, and Micron is up 33 points.
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