This Fast-Growing Company Just Repurchased $4.8 Billion in Shares -- Its Second-Biggest Quarterly Buyback Ever. Should Investors Jump on the Stock?

The stock is arguably a buy for the risk tolerant investor.Alibaba (BABA 0.59%) announced on April 2 that it made $4.8 billion in share repurchases in the first quarter of 2024, the second-largest quarterly share buyback in its history. This is likely a down payment on the $25 billion increase in the share buyback program revealed in its fourth-quarter 2023 earnings announcement in February.However, the market's reaction to this news was tepid, and as of this writing, the stock has fallen on the news. This ...