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Why Is Alibaba Stock Down After Earnings?

TheMotleyFool 
0 0 16.11.23
Why Is Alibaba Stock Down After Earnings?Photo, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

In this video, I will talk about (NYSE: BABA), review its recent earnings report, and talk about why the stock is down despite improved profitability and the announcement of an annual cash dividend.

*Stock prices used were from the trading day of Nov. 15, 2023. The video was published on Nov. 16, 2023.

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Source Fool.com

Alibaba Group Holding Ltd ADR Stock

€111.20
0.910%
Alibaba Group Holding Ltd ADR gained 0.910% compared to yesterday.
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 47.48% for Alibaba Group Holding Ltd ADR compared to the current price of 111.2 €.
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