Explore the latest developments concerning Alibaba (BABA) Laps.
Alibaba (BABA) Laps the Stock Market: Here's Why
Alibaba (BABA) ended the recent trading session at $108.22, demonstrating a +1.41% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.14% for the day. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.27%.
Heading into today, shares of the online retailer had lost 5.45% over the past month, lagging the Retail-Wholesale sector's gain of 2.13% and the S&P 500's gain of 3.97%.
The upcoming earnings release of Alibaba will be of great interest to investors. The company is predicted to post an EPS of $2.26, indicating constancy compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $34.32 billion, indicating a 2.54% growth compared to the corresponding quarter of the prior year.
Why Alibaba Rallied Today
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