This afternoon, SK Hynix announced plans for a roughly $28.6 billion stock buyback and cancellation over the next three months.
The company also intends to allocate more than 50% of its cumulative free cash flow from 2025โ2027 toward share buybacks, cancellations, and dividends.
I was asleep and ended up closing my original 1,680 short at breakevenโdefinitely frustrating. ๐ฉ
SK Hynixโs aggressive buyback
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