Tuesday Turnaround: Alibaba's a No-Go [TheStreet.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: TheStreet.com
Is it Friday yet? No, but it's never too soon to wonder how close we are to the weekend. Anyway, Alibaba is sinking so let's focus on that. Be Forewarned About Alibaba TheStreet's Jacob Sonenshine tackled the news . Alibaba Group Holding Ltd. ( BABA - Get Report ) fell to a 52-week low of $146.73 early Tuesday, Oct. 9, as the stock has cooled off considerably from where it traded last year. At last check Alibaba's midday trading landed the share price at $148.24. It's quite a turn of events for a stock that hit an all-time high in 2018 when it reached $211.70 a few months ago. Alibaba is now down 30% from its all-time high. The stock is down 19% year-to-date from the $183.65 it was at to start the year. Sonenshine reported that Alibaba could be getting a headwind from the U.S.-China relationship, which is not currently in the best of conditions. Add that to the ongoing trade war and...well, need I say more? These 3 Stocks are so B
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BABA
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- 3/26/24 - Form 6-K
- BABA's page on the SEC website