Alibaba: Record Stock Buyback Plan Sends Shares Higher

XTrend Speed | 2022-03-28 16:08

Abstract：Shares in Alibaba were surging Tuesday after the Chinese e-commerce giant announced it would increase the size of its stock buyback program to $25 billion from $15 billion.

Shares in Alibaba were surging Tuesday after the Chinese e-commerce giant announced it would increase the size of its stock buyback program to $25 billion from $15 billion.

The move to boost share repurchases is “a sign of confidence about the Companys continued growth in the future,” Alibaba said in a statement. The buyback program is slated to be effective for two years through March 2024.

There's some good news about Alibaba (BABA) stock recently emerging. Big new buyback plans are putting new life into Alibaba. So much so, in fact, that I'm upgrading my stance from bearish to neutral. Alibaba is making a better and better case for itself almost daily. However, there are still serious macroeconomic risks that could puncture the company's plans before they can really begin. The last year for Alibaba stock has been a disaster, but signs of recovery are present. Alibaba has seen brief rallies in its overall downward progression. These seldom last more than a few weeks at a time. The latest rally, however, proved much sharper than normal.

Broker Dealer forex market

Related broker

Over-Operation

XTrend Speed

Company name：Rynat Capital (Pty) Ltd

Score

1.61

Website：https://www.xtrendspeed.com/en-US

5-10 years | Regulated in South Africa | Financial Service Corporate | Self-developed

Score

1.61

WikiFX Review: Is HYCM still reliable in 2024?

HYCM is an online broker offering a wide variety of market instruments. WikiFX reviewed HYCM a few years ago. However, we wonder if this broker is still reliable in 2024 and the coming 2025. WikiFX has made a comprehension review of this broker to help you better understand the truth.

Original 2024-12-31 17:25

10 Blacklisted Brokers on WikiFX: Unveiling the Rogue Players

As 2024 draws to a close, the financial landscape remains fraught with deceptive practices and fraudulent brokers. WikiFX, a trusted broker regulatory query platform, has compiled a list of the 10 blacklisted brokers for December. These entities have earned their spot due to violations such as being unregulated, engaging in scamming activities, or forbidding client withdrawals. Here's a closer look at the brokers to avoid at all costs.

Original 2024-12-31 16:54

Will Gold Shine Brighter in 2025?

Gold is poised for significant gains in 2025, with experts predicting its price to climb between US$2,900 and US$3,000 per ounce or potentially higher. Analysts attribute this optimistic outlook to sustained gold purchases by central banks, ongoing geopolitical tensions, declining global interest rates, and persistent economic uncertainties. These factors, coupled with gold’s status as a hedge against inflation, underline the precious metal’s appeal in volatile times.

Original 2024-12-31 16:15

Ringgit Remains Flat Amid Holidays, US Debt Concerns Loom

The Malaysian ringgit began the week steady against the US dollar, showing little movement due to a lack of market catalysts during the holiday-shortened trading week.

Original 2024-12-30 17:48