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Company News For May 23, 2018

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  • Micron Technology, Inc.’s (MU - Free Report) shares jumped 6.4% after the chip maker announced a $10 billion share buyback, representing 16% of the company’s market value
  • Shares of Adobe Systems Inc. (ADBE - Free Report) increased 0.3% after the company announced that it will buy Magento Commerce from Permira for $1.68 billion in cash.
  • Fifth Third Bancorp’s (FITB - Free Report) shares surged 3.2% after it agreed to acquire MB Financial, Inc. (MBFI - Free Report) for $54.70 per share in cash and stock
  • Shares of Advance Auto Parts, Inc. (AAP - Free Report) declined 3.2% after reporting fiscal first-quarter 2018 net revenues of $2.87 billion, missing the Zacks Consensus Estimate of $2.91 billion

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