Hey everyone. Quick update on BABA. I noticed in the past that although BABA was doing buybacks, their shares outstanding weren’t actually changing much at all. However, with the recent buyback program, their shares outstanding are actually dropping significantly. Here’s a graph from macrotrends highlighting this:
Notice how they are aggressively buying back more shares recently, which was when BABA’s price was much lower (in the 60-80 range). Perhaps that’s why the stock refused to drop below 60.
Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020).
Outside of trading/investing, I enjoy programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU.
I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023.
View all posts by bigfry