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The latest announcement is out from Alibaba ( (BABA) ).
Alibaba has announced changes in its issued shares and treasury shares, with no change in the total number of issued shares as of December 23, 2024. The company repurchased a total of 3,876,800 shares on the New York Stock Exchange, as part of its share buyback program, and has not yet canceled these shares. These actions are in line with Alibaba’s strategy to enhance shareholder value through share repurchases, potentially impacting its stock valuation and investor perception positively.
More about Alibaba
Alibaba Group Holding Limited is a leading Chinese multinational technology company specializing in e-commerce, retail, internet, and technology services. It operates globally but primarily focuses on the Chinese market, providing a wide range of services including online shopping platforms, cloud computing, digital media, and entertainment.
YTD Price Performance: 13.44%
Average Trading Volume: 18,639,867
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $204.1B
For detailed information about BABA stock, go to TipRanks’ Stock Analysis page.
