Why Lam Research Shares Are Moving Higher Tuesday
Portfolio Pulse from Dylan Berman
Lam Research Corp (NASDAQ:LRCX) shares are trading higher after the company announced a $10 billion share repurchase program and a 10-for-1 stock split. The buyback program has no expiration date and can be paused or terminated at any time. The stock split will take effect on Oct. 2, with post-split trading beginning on Oct. 3.
May 21, 2024 | 4:28 pm
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Lam Research announced a $10 billion share repurchase program and a 10-for-1 stock split. The buyback program has no expiration date and can be paused or terminated at any time. The stock split will take effect on Oct. 2, with post-split trading beginning on Oct. 3.
The announcement of a significant share repurchase program and a stock split is likely to boost investor confidence and attract more investors, leading to a short-term increase in the stock price. The buyback program indicates strong cash flow and commitment to returning value to shareholders, while the stock split makes shares more accessible to a broader range of investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100