Alibaba Group Holding Ltd. (BABA) Stock on a Roll, Here’s the Reason


Alibaba Group Holding Ltd. (BABA), a popular destination for online shopping, has soared 8.82% in the premarket trading session. Consequently, the stock was trading at $112.73 when last checked. During Monday’s regular trading session, BABA stock slid by 4.35% to close the day at $103.59. The surge in premarket could be attributed to upsizing of share repurchase.

25-cent Stock Takes $11T Commodities Sector Digital

One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.

All the details are in the FREE online report you can get here.


Authorization for Share Repurchase Program Upsizing

Hours ago, BABA has announced that its Board of Directors had authorized the upsizing of its share repurchase program from $15 billion to $25 billion. The upsizing is an indication of the confidence Alibaba has regarding its continued growth in the upcoming period. The company said that the share repurchase program would become effective from March 2024 for a period of 2 years. Alongside, BABA also announced to appoint Weijian Shan as an independent director to the Board of Directors of the company. Weijian was previously serving as executive chairman of investment group PAG.

Q3 2021 Results

On 24th February, BABA released the financial results for the quarter ended 31st December 2021. The revenue for the quarter was $38 billion, depicting an increase of 10% on a year-over-year basis. The income from operations was $1.1billion during the three months, a decrease of 86% compared to the same three-month period of the preceding year. The net income was $3.01 billion, a decrease of 75% on a year-over-year basis. The diluted EPS for the quarter was estimated to be $0.15.

Comments from BABA CEO

Daniel Zhang, Chairman and Chief Executive Officer of BABA, commented that the company has delivered a steady performance during the three-month period. The company has achieved a positive momentum in crucial strategic domains by focusing on creating value for its brand which would lead to fuelling future growth.

What’s Coming Up for BABA?

Looking ahead, analysts are of the view that BABA stock holds bleak signals at this point in time. Hence, it is expected to perform weakly in the next couple of weeks. Analysts, therefore, are holding a negative evaluation of the stock for the time being.


Please enter your comment!
Please enter your name here