Why Shares of Alibaba, PDD, and Zai Lab Are Rising Today
Shares of several Chinese stocks moved higher today on Wall Street bullishness and after more positive comments made by President Joe Biden recently on U.S.-China relations.
Shares of the large tech conglomerate Alibaba Group (NYSE: BABA) traded more than 3% higher as of 10:50 a.m. ET today.
Meanwhile, shares of the online agricultural e-commerce company PDD (NASDAQ: PDD) traded nearly 5.5% higher, while shares of the Chinese biopharmaceutical company Zai Lab (NASDAQ: ZLAB) were up more than 8%.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€74.90
0.270%
With 42 Buy predictions and 2 Sell predictions Alibaba Group Holding Ltd ADR is one of the favorites of our community.
As a result the target price of 109 € shows a positive potential of 45.53% compared to the current price of 74.9 € for Alibaba Group Holding Ltd ADR.
