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Alibaba Group Holding Ltd. ( (HK:9988) ) has shared an announcement.
Alibaba Group Holding Ltd. announced the filing of a Form S-8 with the U.S. Securities and Exchange Commission to register an additional 74.4 million ordinary shares under its 2024 Equity Incentive Plan. This move is part of Alibaba’s strategy to enhance its equity incentive offerings, potentially impacting its stock market performance and shareholder value.
The most recent analyst rating on (HK:9988) stock is a Buy with a HK$106.00 price target. To see the full list of analyst forecasts on Alibaba Group Holding Ltd. stock, see the HK:9988 Stock Forecast page.
More about Alibaba Group Holding Ltd.
Alibaba Group Holding Ltd. is a multinational conglomerate specializing in e-commerce, retail, internet, and technology. It operates primarily in the digital commerce sector, providing a platform for businesses and consumers to buy and sell a wide range of goods and services. The company is known for its significant presence in the Chinese market and its expansion into international markets.
Average Trading Volume: 138,507,103
Technical Sentiment Signal: Buy
Current Market Cap: HK$2355.2B
Learn more about 9988 stock on TipRanks’ Stock Analysis page.