On October 13, BOSS ZHIPIN-W rose 5.02% in regular trading, extending gains as recent corporate actions and institutional position shifts lent support to market sentiment.
The company has continued its share buyback and cancellation program. On September 30, it repurchased 271,930 Class A ordinary shares on the Nasdaq for approximately $2 million, with the repurchased shares earmarked for cancellation. This follows a larger program between May and June, during which 12,618,812 shares were repurchased and subsequently cancelled on September 17.
Meanwhile, several institutions have been adjusting their stakes. BlackRock reduced its long position on October 1 via an off-exchange non-cash asset transaction, while Pandanus Associates Inc. increased its holdings through off-exchange equity derivative instruments on September 30. These off-market adjustments, combined with the buyback activity, appear to have provided a supportive backdrop for the stock.
BOSS ZHIPIN-W operates the BOSS Zhipin interactive mobile application, connecting job seekers with enterprise users. The platform offers direct recruitment services for enterprises, enabling them to post jobs, receive personalized candidate recommendations, and communicate directly with job seekers, while job seekers can receive job recommendations and engage in direct conversations.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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