Alibaba (BABA) has released an update.
Alibaba Group Holding Limited reported a slight decrease in its issued shares for October 2024, with a reduction of approximately 4.7 million shares, bringing its total to around 19.15 billion shares. The company continues to utilize its share option schemes and convertible senior notes, which could potentially issue additional shares in the future. Investors should watch these movements as they could impact Alibaba’s stock valuation and market performance.
For further insights into BABA stock, check out TipRanks’ Stock Analysis page.
