Alibaba Group Holding Ltd (NYSE:BABA) (NYSE:BABAF) announced plans to raise $4.5 billion through convertible bonds to fund share buybacks.
The bonds, maturing in seven years with a 0.5% coupon, could increase to $5.0 billion if additional notes are exercised. The initial conversion price is set at $105.04 per American depositary share, a 30% premium over Thursday's closing price of $80.80.
Despite this strategic move, Alibaba's stock closed down 2.27% on Thursday, and saw a further premarket decline of 0.75% by 8 a.m. ET on the following day.
Over the past year, Alibaba stock has dropped 2.51% but has gained 4.24% year-to-date.
Alibaba Stock's Bullish Bets
The technical metrics for Alibaba present a mixed picture.
Chart: Benzinga Pro
The stock price of $80.60 is below the 8-day SMA of $84.34, indicating a bearish signal, and is also below the 20-day SMA of $81.31, reinforcing a bearish signal.
However, the stock price is above the 50-day SMA of $75.93, suggesting a bullish signal. Additionally, the stock price exceeds the 200-day SMA of $78.95, indicating a bullish trend.
Chart: Benzinga Pro
The Moving Average Convergence Divergence (MACD) indicator stands at 2.32, suggesting a bullish signal for Alibaba stock. The Relative Strength Index (RSI) is 51.27, indicating that the stock is neither overbought nor oversold.
The Bollinger Bands have the current price of $80.62 suggesting a bullish signal as it is trading in the upper band.
Alibaba's decision to issue convertible bonds for share buybacks amid a competitive e-commerce landscape and slow economic recovery is a strategic effort to enhance shareholder value.
The technical indicators have some mixed signals, with short-term moving averages indicating a bearish outlook, while longer-term indicators and MACD suggest bullish opportunities.
Photo: Shutterstock
阿里巴巴集團控股有限公司(紐約證券交易所代碼:BABAF)宣佈計劃通過可轉換債券籌集45億美元,爲股票回購提供資金。
這些債券將在七年內到期,息票率爲0.5%,如果行使更多票據,可能會增加到50億美元。初始轉換價格定爲每股美國存托股票105.04美元,比周四收盤價80.80美元高出30%。
儘管採取了這一戰略舉措,但阿里巴巴股價週四收盤下跌2.27%,截至第二天美國東部時間上午8點,盤前進一步下跌0.75%。
在過去的一年中,阿里巴巴的股票下跌了2.51%,但今年迄今已上漲4.24%。
阿里巴巴股票的看漲押注
阿里巴巴的技術指標好壞參半。
圖表:Benzinga Pro
80.60美元的股價低於84.34美元的8天均線,表明看跌信號,也低於20日均線81.31美元,強化了看跌信號。
但是,股價高於75.93美元的50天均線,這表明存在看漲信號。此外,股價超過了78.95美元的200天均線,表明看漲趨勢。
圖表:Benzinga Pro
移動平均收斂散度(MACD)指標爲2.32,表明阿里巴巴股票出現看漲信號。相對強弱指數(RSI)爲51.27,表明該股票既沒有超買也沒有超賣。
布林帶目前的價格爲80.62美元,這表明在上限交易時出現看漲信號。
在競爭激烈的電子商務格局和經濟復甦緩慢的情況下,阿里巴巴決定發行可轉換債券進行股票回購,這是提高股東價值的戰略舉措。
技術指標有一些喜憂參半的信號,短期移動平均線表示看跌前景,而長期指標和MACD則表明看漲機會。
照片:Shutterstock