Summary by Futu AI
Alibaba Group repurchased a total of 11,198,392 shares of common stock between December 5 and 11, 2024, on the New York Stock Exchange for cancellation. The price Range for the repurchase was between $10.54 and $11.22 per share, with a total value of approximately $0.12 billion.The repurchase details are as follows: on December 5, 5,692,000 shares were repurchased at an average price of $10.54; on December 6, 3,711,200 shares were repurchased at an average price of $10.78; on December 10, 891,192 shares were repurchased at an average price of $11.22; on December 11, 904,000 shares were repurchased at an average price of $11.06. As of December 12, the total number of outstanding shares remains unchanged at 19,080,551,940.According to the repurchase authorization passed on August 22, 2024, the company can repurchase up to 1,874,327,393 shares. As of now, 205,409,528 shares have been repurchased, accounting for 11% of the total authorization. The company is prohibited from issuing new shares or selling treasury stock within 30 days following this repurchase (i.e., before January 10, 2025).
