Alibaba Group Holding (NYSE:BABA) Impressive Q3 Sales and Net Income Growth
Alibaba Group Holding (NYSE:BABA) recently updated its buyback program, repurchasing 51 million shares between January 1 and March 31, 2025, accounting for 2.2% of its outstanding shares, which may have added to its stock's momentum this quarter. Complementing this, the firm's strong Q3 results showed significant growth year-over-year in sales and net income. While the broader market experienced a surge with major tech stocks also witnessing gains, Alibaba's 38% rise can partly be associated...