Why Alibaba Stock Was Sliding Today
Shares of Alibaba (NYSE: BABA), the Chinese tech giant, were slipping today after it reported sluggish revenue growth in its March quarter earnings report. It also continued to make progress on its breakup plan, approving the spinoff of its cloud business.
As of 11:15 a.m. ET, the stock was down 3.8%.
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Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€75.00
3.450%
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As a result the target price of 106 € shows a positive potential of 41.33% compared to the current price of 75.0 € for Alibaba Group Holding Ltd ADR.
