Microsoft Shares Climb Following $60 Billion Stock Buyback Announcement and Market Movers
Tuesday, 17 September 2024, 03:31
Market Updates on Key Stocks
Microsoft shares climbed 2% after the software group announced a massive $60 billion stock buyback program. This strategic move comes hand-in-hand with a dividend increase, reflecting the company's confidence in its financial health.
Intel and Dell Show Positive Movements
- Intel shares surged 8% after announcing the separation of its foundry business into an independent subsidiary, intensifying collaboration with Amazon Web Services on chip designs.
- Dell Technologies' stock rose 2%, receiving an Outperform rating and a price target of $135 from Mizuho.
Decline in SolarEdge Technologies
SolarEdge Technologies experienced a 5% drop after being downgraded to Underperform from Hold by Jefferies, with the price target reduced from $27 to $17.
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