Explore the latest developments concerning Alibaba Stock, JD.com,.
Alibaba (BABA) Dips More Than Broader Market: What You Should Know
In the latest close session, Alibaba (BABA) was down 1.43% at $118.64. The stock's change was less than the S&P 500's daily loss of 0.25%. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the online retailer had gained 12.78% over the past month, outpacing the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 2.71%.
Investors will be eagerly watching for the performance of Alibaba in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.13, reflecting a 5.75% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.26 billion, up 2.37% from the year-ago period.
Alibaba: An Undervalued AI Opportunity (NYSE:BABA)
Looking at the long-term chart of Alibaba (NYSE:BABA) stock can provide a powerful lesson. The stock closed last week at around $120 per share, a price level that Alibaba first reached in November of 2014.
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