Why Shares of Alibaba, TAL Education Group, and Gaotu Techedu Are Falling Today
Most Chinese stocks fell today after Wall Street analysts lowered their estimates for China's economic growth prospects this year.
Shares of the large Chinese tech conglomerate (NYSE: BABA) traded roughly 4.5% lower as of 3:21 p.m. ET today. Meanwhile, shares of the online tutoring company TAL Education Group (NYSE: TAL) traded more than 11% lower, while shares of another online tutoring company, Gaotu Techedu (NYSE: GOTU), were down more than 15%.
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Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€93.60
-0.430%
The stock is one of the favorites of our community with 50 Buy predictions and 2 Sell predictions.
With a target price of 106 € there is a slightly positive potential of 13.25% for Alibaba Group Holding Ltd ADR compared to the current price of 93.6 €.
