Alibaba Retreats From All-Time High After Mixed Q4 Report

Alibaba Group Holding Ltd BABA shares are trading lower by $3.82 at $116.90 in Thursday's session.

Before the open, the company reported a mixed Q4 report that revealed an EPS miss of $0.02 with a sales beat of $380 million.

After a lower open, Alibaba's stock reached $114.00 in the first minute of the session and began to rebound. That corresponds with its April 24 low of $114.02.

So far, the rebound off the low has yet to reach the lower-end of Wednesday's range ($120.50), as the current high stands at $118.00.