Is Alibaba Worth Trading?
@TigerOptions:
$Alibaba(BABA)$ isn't giving up without a fight. The e-commerce giant has been facing tough times lately, with a drop in stock price and concerns about its future growth. But instead of sitting back and taking the punches, $Alibaba(09988)$ is throwing some punches of its own. In response to apprehensions about its growth prospects and increasing competition from emerging market rivals like $PDD Holdings Inc(PDD)$, they're buying back a ton of their own stock – $4.8 billion worth, in fact. This is a big signal to investors that Alibaba believes in its own future, and it's a way to boost the stock price. They've also bolstered their buyback plan by an additional $