The New York Stock Exchange opens in less than thirteen hours and Alibaba’s premarket value is already 3.76% down.
The last session, the New York Stock Exchange finished with Alibaba rising 0.14% to $256.18. The New York Stock Exchange rose 0.54% to $14,398.60, after three sequential sessions in a row of losses, on what was a somewhat positive trend exchanging session.
Alibaba’s last close was $255.83, 24.65% below its 52-week high of $319.32.
News about Alibaba today
China launches probe into Alibaba over monopoly allegations. According to today’s article on Bloomberg Quint, "The State Administration for Market Regulation is investigating Alibaba, the top antitrust watchdog said in a statement without further details. ", "Once hailed as drivers of economic prosperity and symbols of the country’s technological prowess, Alibaba and rivals like Tencent Holdings Ltd. "
Alibaba’s sales growth is 62.3% for the ongoing quarter and 66.4% for the next. The company’s growth estimates for the present quarter is a negative 81.9% and positive 55% for the next.