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.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.