tiprankstipranks
Alibaba Announces Strategic Share Buyback Initiative
Company Announcements

Alibaba Announces Strategic Share Buyback Initiative

Alibaba (BABA) has released an update.

Don't Miss our Black Friday Offers:

Alibaba Group Holding Limited has announced the repurchase of over 1.6 million shares on the New York Stock Exchange, priced at an average of around $12.23 per share. This move is part of their strategic effort to manage equity and enhance shareholder value. The repurchased shares are not yet canceled, reflecting a minor percentage change in the company’s overall shares.

For further insights into BABA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyAlibaba to merge domestic, international ecommerce groups, Nikkei Asia reports
Shrilekha PetheAlibaba (NYSE:BABA) Issues $2.65B in Bonds for First Time Since 2021
TheFlyChinese tech groups expand AI teams in U.S., FT reports
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App