Loading...
Loading...
Alibaba Group Ltd.
BABA shares are trading higher by $2.65 at $79 in Tuesday's session. The catalyst for the rally is Q3 beat for EPS of $0.03 with slight beat for revenue. During premarket trading, the issue spiked to $85.24 before profit-takers came in. After a higher open, it rallied to $82.79 before sharply reversing course. So far, it has declined to $78.77 and is not trading far from that level. In order to fill the void in price from Monday's session, it would need to trade down to $77.42.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in