Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Alibaba's Stock Price Sank Despite a Solid Quarter


Last week, (NYSE: BABA) reported second-quarter results for its fiscal 2024, with revenue up by 9% and operating profit jumping 34% year over year. While the result wasn't mind-blowing, it was a solid improvement from last year.

Yet, shares of the Chinese e-commerce giant have tanked by more than 10% since its earnings announcement, indicating there are other issues investors are concerned about now. Let's look at the factors that might have caused the sell-off.

Image source: Getty Images.

Continue reading


Source Fool.com

Alibaba Group Holding Ltd ADR Stock

€72.20
-0.550%
The price for the Alibaba Group Holding Ltd ADR stock decreased slightly today. Compared to yesterday there is a change of -€0.400 (-0.550%).
With 41 Buy predictions and 2 Sell predictions Alibaba Group Holding Ltd ADR is one of the favorites of our community.
As a result the target price of 109 € shows a very positive potential of 50.97% compared to the current price of 72.2 € for Alibaba Group Holding Ltd ADR.
Like: 0
Share

Comments