Shares of Alibaba slid by a staggering 15.3% to $216.99 at 11:43 EST on Thursday, following last session's upward trend. NYSE Composite is dropping 0.29% to $14,357.20, following last session's upward trend, This seems, as yet, a somewhat rough trend exchanging session today.
Alibaba's last close was $256.18, 47.16% under 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 country's internet ecosystem -- long protected from competition by the likes of Google and Facebook -- is dominated by two companies, Alibaba and Tencent, through a labyrinthine network of investment that encompasses the vast majority of the country's startups in arenas from AI to digital finance. ", "China kicked off an investigation into alleged monopolistic practices at Alibaba Group Holding Ltd. "
China targets jack ma’s Alibaba empire in monopoly probe. 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. ", "Shares in SoftBank Group Corp., Alibaba's largest shareholder, erased gains to trade as much as 2.7% lower in Tokyo."
: Alibaba shares sink in Hong Kong as China launches antitrust probe. According to today's article on MarketWatch, "BEIJING - Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries.", "The market regulator said it was looking into Alibaba's policy of "choose one of two," which requires business partners to avoid dealing with competitors. "
Alibaba shares sink in Hong Kong as China launches antitrust probe. According to today's article on MarketWatch, "BEIJING - Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries.", "The market regulator said it was looking into Alibaba's policy of "choose one of two," which requires business partners to avoid dealing with competitors. "
Alibaba selloff deepens as antitrust probe rattles investors. According to today's article on The Wall Street Journal, "Alibaba's Hong Kong stock dropped 8.1% to 228.20 Hong Kong dollars, its lowest point since July, in a shortened pre-Christmas trading session. ", "Shares in Alibaba Group Holding Ltd. "
Alibaba faces investigation in China pursuant to anti-monopoly law - quick facts. According to today's article on Business Insider, "Alibaba Group Holding Limited (BABA) said the company has received a notice of investigation from the State Administration for Market Regulation of the People's Republic of China. ", "The SAMR has commenced an investigation against Alibaba pursuant to the Anti-Monopoly Law."
China launches an antitrust investigation into Alibaba as its crackdown on jack ma's tech empire continues. According to today's article on Business Insider, "This has been criticized by China's retail industry, buta former senior Alibaba executive has called it "standard market practice."", "China's State Administration for Market Regulation (SAMR) is looking into Alibaba's practice of forcing sellers to sign exclusivity contracts, meaning they can't sell their products elsewhere, it said Thursday."
Beijing sends Alibaba an unwelcome Christmas present. According to today's article on The Wall Street Journal, "This is a longstanding issue in China's e-commerce industry, where Alibaba reigns supreme. ", "The billionaire founder of Chinese e-commerce giant Alibaba is unlikely to have a merry Christmas this year."
Alibaba falls 7% in premarket trading after Chinese regulators open antitrust investigation into the company. According to today's article on Business Insider, "In separate statements released Thursday, both Alibaba and Ant Group said they had been notified about the regulatory actions and would cooperate, per The Wall Street Journal.", "US-registered shares in Alibaba, an e-commerce platform founded by Ma, were down 7.1% at $238.02 in pre-market trading on Thursday. "
Alibaba stock set to open in bear-market territory after antitrust probe launched. According to today's article on MarketWatch, "Shares of Alibaba Group Holding Ltd. "
Stocks making the biggest moves in the premarket: fireeye, Alibaba, c3.ai & more. According to today's article on CNBC, "Alibaba (BABA) - Alibaba is the target of a newly launched antitrust investigation by the Chinese government as regulators probe Alibaba's demands for exclusive merchant agreements, among other things. ", "Shares of Alibaba and other large China-based companies that trade in the U.S., such as JD.com (JD) Baidu (BIDU) and Pinduoduo (PDD), are also indicated lower this morning."
Mid-morning market update: markets open higher; Alibaba hit with antitrust probe by China. According to today's article on Business Insider, "Coinciding with the antitrust probe, Chinese officials are also meeting with Alibaba's payment affiliate Ant to supervise issues related to how the company operates in a market-oriented way, according to CNBC.", "Specifically, Alibaba dictates that merchants must work either exclusively on its platform or on a rival -- but not on both."
Alibaba's Sales
Alibaba's sales growth is 62.5% for the present quarter and 66.5% for the next. The company's growth estimates for the present quarter is a negative 81.9% and positive 55% for the next.
Alibaba's Stock Yearly Top and Bottom Value
Alibaba's stock is valued at $216.99 at 11:43 EST, way under its 52-week high of $319.32 and way higher than its 52-week low of $169.95.