The latest announcement is out from ZTO Express ( (ZTO) ).
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ZTO Express announced a repurchase of 1,955,817 American depositary shares, representing Class A ordinary shares, in December 2024. This strategic move aims to enhance shareholder value and reflects the company’s confidence in its business prospects. The repurchases were conducted on the New York Stock Exchange at prices between USD 19.22 and USD 19.6 per share, aligning with the company’s authorized repurchase mandate. The repurchased shares have not yet been canceled, but the action signifies a commitment to optimize capital structure and return capital to shareholders, potentially affecting the market perception of the company’s financial health and strategy.
More about ZTO Express
ZTO Express (Cayman) Inc. is a company operating in the logistics and express delivery services industry. It is incorporated in the Cayman Islands and has a listing on the Hong Kong Stock Exchange, focusing on providing efficient courier services.
YTD Price Performance: -4.74%
Average Trading Volume: 3,253,284
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $15.45B
See more data about ZTO stock on TipRanks’ Stock Analysis page.
