Shares of Cabot Microelectronics Corporation
(NASDAQ: CCMP) are seeing a huge rally in trading today after the company announced
a new capital management initiative to return value to shareholders. Cabot
announced a special dividend of $15 per share under the initiative.
Cabot Microelectronics shares rose to an intra-day
high of $50.70 in trading today. At last check, the stock was up more than 20%
on above average volume. The rally has pushed Cabot Microelectronics shares
above their 50-day and 200-day moving averages.
To get more information on Cabot Microelectronics
Corporation please click here…
