Why Alibaba Stock Was Sliding Today
Shares of Alibaba (NYSE: BABA) were moving lower today as the Chinese tech giant reported just modest growth in its December quarter and a sharp decline in profits as it engages in a price war with rivals like JD.com and Meituan in areas like food delivery.
As a result, the stock was down 7.3% as of 11:39 a.m. ET.
Image source: Alibaba.
Source Fool.com
Alibaba Group Holding Ltd ADR Aktie
108,40 €
-0,18 %
Die Alibaba Group Holding Ltd ADR Aktie genießt uneingeschränkte Beliebtheit: Nur Buy-Einschätzungen.
Das Community-Kursziel von 161 € für Alibaba Group Holding Ltd ADR deutet auf eine deutliche Steigerung um mehr als 20% gegenüber dem aktuellen Kurs von 108.4 € hin.
