NYSE:BABAMultiline Retail
Alibaba Group Holding (NYSE:BABA) Completes US$45 Billion Buyback, Reacquires 66% of Shares
Alibaba Group Holding (NYSE:BABA) announced a significant advancement in its share buyback program, enhancing shareholder value with the repurchase of over 56 million shares last quarter, amounting to 2.42% of total shares. However, despite this initiative, the company's stock still fell by 3% over the past week. During the same period, broader markets like the S&P 500 and Nasdaq experienced a surge to new highs, buoyed by strong job reports and optimism over potential trade agreements. The...