Alibaba (BABA) has released an update.
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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.
