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
€111.00
4.520%
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 164 € there is a positive potential of 47.75% for Alibaba Group Holding Ltd ADR compared to the current price of 111.0 €.
