BABA Rejected from the trendline. I loaded more today. Beijing removed the top gaming official for coming up with stupid rule. Xi is now desperate to pump China market. Alibaba Group Holding boosted ts stock repurchases in the fourth quarter to $2.9 billion, up from $1.7 billion in the third quarter, as the company's share price declined.
The Chinese e-commerce giant bought back $9.5 billion of stock during 2023, resulting in a net reduction of 3.3% of its shares outstanding after accounting for shares issued under employee plans, the company said in a filing Tuesday.
Alibaba said it has $11.7 billion remaining under its current buyback authorization.
🚀🌙 time!
Upside targets:
$80
$84
$89
Downside risk:
$72
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。