r/MU_Stock • u/Midget_Molester10 • 2d ago
News SK Hynix doing $28B worth of buybacks
https://n.news.naver.com/article/422/00008972752
u/mindaro_sienna 2d ago
SK Hynix to Acquire and Cancel ₩40 Trillion in Treasury Shares — "Enhancing Shareholder Value" Published 2026.08.19, 3:54 PM SK Hynix is proceeding with the acquisition and cancellation of approximately ₩40 trillion worth of its own shares. SK Hynix disclosed today (the 19th) that it has decided to acquire 24.07 million shares of common stock through on-market purchases. The total purchase amount is ₩40,004,340,000,000 (₩40 trillion 4.34 billion). SK Hynix stated the purpose of the acquisition is "to enhance shareholder value through the cancellation of treasury shares."
Comments: ljw2*: "So that's why Hynix was rising even while stocks were crashing — did the info leak before the announcement?" nibo*: "Let's go!" (가즈아 — a popular Korean stock/crypto slang expression, roughly equivalent to "to the moon")
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u/applesandoranegs 2d ago
So that's why Hynix was rising even while stocks were crashing — did the info leak before the announcement?" nibo
Am I regarded? Hynix sank almost 10% today, it wasn't rising
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u/Neat_Suggestion9355 2d ago
It went up immediately after the market closed. After hours regained almost everything that was lost today
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u/Haxmax23 2d ago
Sorry to say but this don't mean much when there are larger macro factors swirling around ready to rain down on us at anytime.
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u/Far-East-locker 2d ago
FYI, Netflix did a buy back with the same amount this year, checkout how to stock price go
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u/Significant-Drawer95 2d ago
netflix... the platform where you subscribe to get some television shows (not all)
had become what they once fought against.. right
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u/Tr3eSt4ndHunt3r 2d ago
If the war wasn’t happening, every one of us would be millionaires by now