Fool.com contributor Parkev Tatevosian discusses what the latest news on Alibaba's (BABA 7.05%) share buybacks means for investors.
*Stock prices used were the afternoon prices of April 29, 2024. The video was published on May 1, 2024.
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Massive News for Alibaba Stock Investors
By Parkev Tatevosian, CFA
–
May 2, 2024 at 5:00AM
NYSE: BABA
Alibaba Group
Market Cap
$198B
Today's Change
(7.05%) $5.71
Current Price
$86.70
Price as of May 16, 2024, 4:00 p.m. ET
Management is taking action, signaling it believes its shares are significantly undervalued.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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