UBS Group: Alibaba's accelerated buyback pace still far exceeds expectations, giving it a target price of $105.
On July 5th, Credit Suisse released a report stating that Alibaba had previously announced that it had spent $5.8 billion to repurchase 77 million American depositary shares equivalent by the end of the first fiscal quarter, June. Under the repurchase plan, there is still a remaining $26.1 billion repurchase quota, which will be valid until March 2027. The bank believes that Alibaba's accelerated pace of repurchase is still far beyond expectations. The $5 billion convertible notes issued by Alibaba in May should indicate the management's steadfast execution of its commitment to shareholder returns and may alleviate investor concerns. Looking to the future, although Alibaba is undergoing business transformation, its capital actions such as continuous acceleration of repurchases and possible acquisitions may bring advantage to shareholders.
Alibaba Options Spot-On: On July 5th, 129.51K Contracts Were Traded, With 2.27 Million Open Interest
On July 5th ET, $Alibaba(BABA.US)$ had active options trading, with a total trading volume of 129.51K options for the day, of which put options accounted for 25.77% of the total transactions, and call
10 Consumer Discretionary Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
Express News | Alibaba launches the first domestic AI picture book tool to care for autistic children.
Unusual Options Activity: APP, DELL and Others Attract Market Bets, APP V/OI Ratio Reaches 271.6
EST Jul 5th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends
Express News | Ishares China Large Cap ETF Down 2%, Kraneshares CSI China Internet ETF Down 2.3%
Express News | Li Auto Slips 2.8%, JD.com Falls 2.1%, NIO Down 9%, Xpeng Down 9.6%
Express News | PDD Holdings Down 1.5%, NetEase Down 2.8%, Baidu Down 1.7%
Express News | U.S.-Listed Shares of Chinese Companies Fall as China Stocks Close at 4-1/2 Month Low
Express News | Alibaba: The annual shareholder meeting will be held at 9:00 PM on August 22, 2024.
U.S. stock market preview: Heavyweight news! Non-farm data exceeds expectations, and the three major equity index futures jump; Fed "top three": there is still a long way to go to maintain the 2% inflation target.
The US earnings season will kick off next week, putting the US stock market to the test; the increase in US currency supply indicates a reversal of the concentration trend in the US stock market, and mid-small cap stocks may have opportunities; over 1 million chips will be shipped! Nvidia's sales in China are expected to reach $12 billion this year.
Express News | Ant Group Co., Ltd. released the Big Model Confidential Computing Platform to help crack the data supply challenge of big models.
What's Going On With Chinese AI Stocks Alibaba, Baidu, JD On Friday?
Chinese tech stocks, including Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc (NASDAQ:BIDU), and JD.Com, Inc (NASDAQ:JD), are trading lower Friday after Baidu intensified domestic artificial in
Express News | Ant Group director Wei Tao: when all high stock price data has value in forward-looking business, its value is often higher in the black market.
Taobao Live changes leadership! Cheng Dao Fang: Will invest in the intelligent industry.
Cheng Daofang confirmed that he has left the position of head of the Taotian Content E-commerce Division this week, and stated that he will be undertaking related work for Asia Vets in the future. The successor has previously held positions such as Alibaba Cloud technology expert and general manager of Alibaba UC Business Unit.
Express News | NetEase Down 2.6%, Baidu Down 1.3%
Express News | Li Auto Down 2.1%, Xpeng Down 5.3%
Express News | Alibaba Group Down 1%, JD.com Down 1.9%, PDD Holdings Down 1.4%
Express News | U.S.-Listed Shares of Chinese Companies Fall Premarket as China Stocks Close at 4-1/2 Month Low
Express News | Ant Group Co., Ltd. released Ant Tianjian 2.0, creating the industry's first intelligent body for large model security evaluation and AI verification function.