ZTO Express (ZTO) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
ZTO Express Inc. has reported the repurchase of 479,050 American depository shares, which equates to 0.06% of their existing Class A ordinary shares. The transaction took place on July 5, 2024, with shares bought back at an average price of $19.84, totalling approximately $9.5 million. The bought-back shares are set to be cancelled, signaling a potential increase in shareholder value.
For further insights into ZTO stock, check out TipRanks’ Stock Analysis page.