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Why Alibaba Stock Was Sliding Today

TheMotleyFool

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Why Alibaba Stock Was Sliding Today: https://g.foolcdn.com/editorial/images/733019/china-e-commerce.jpg

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%.

Image source: Getty Images.

Source Fool.com

Alibaba Group Holding Ltd ADR Stock

Alibaba Group Holding Ltd ADR gained 2.010% today.
The stock is one of the favorites of our community with 42 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a positive potential of 33.74% for Alibaba Group Holding Ltd ADR compared to the current price of 81.5 €.

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