Shares of Alibaba slid by a staggering 11.78% to $225.99 at 09:38 EST on Thursday, following last session's downward trend. NYSE Composite is jumping 0.54% to $14,398.60, following last session's upward trend, This seems, up to now, a somewhat positive trend trading session today.
Alibaba's last close was $255.83, 41.30% 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, "Shares in SoftBank Group Corp., Alibaba's largest shareholder, erased gains to trade as much as 2.7% lower in Tokyo. ", "Alibaba representatives weren't immediately available for comment."
China targets jack ma’s Alibaba empire in monopoly probe. According to today's article on Bloomberg Quint, "Shares in SoftBank Group Corp., Alibaba's largest shareholder, erased gains to trade as much as 2.7% lower in Tokyo.", "Once hailed as drivers of economic prosperity and symbols of the country's technological prowess, Alibaba and rivals like Tencent Holdings Ltd. "
: 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, "On Thursday, Chinese regulators said they were taking actions against Alibaba and Ant Group, weeks after China stopped an expected $34 billion listing by Ant in Hong Kong and Shanghai.", "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. "
Alibaba faces investigation in China pursuant to anti-monopoly law - quick facts. According to today's article on Business Insider, "The SAMR has commenced an investigation against Alibaba pursuant to the Anti-Monopoly Law.", "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. "
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, "Alibaba hit headlines Wednesday after Foreign Policy reported that China has demanded its big tech companies process stolen US data for the nation's intelligence agencies upon request.", "Read more: Here's how Alibaba is growing the global reach of Singles' Day with help from US brands like Allbirds and Fender"
Beijing sends Alibaba an unwelcome Christmas present. According to today's article on The Wall Street Journal, "Since then, the regulators have fined Alibaba and Tencent for acquisitions that were completed years earlier. ", "Specifically, the regulators mentioned the practice of forcing merchants to sell exclusively on Alibaba's platforms. "
Alibaba falls 7% in premarket trading after Chinese regulators open antitrust investigation into the company. According to today's article on Business Insider, "This was the largest one-day drop in Alibaba's Asia-registered shares since mid-November, when Ant's IPO, which would have been the world's largest, was pulled at the last minute after China introduced stricter regulations for financial services.", "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."
Alibaba's Sales
Alibaba's sales growth is 62.3% for the present 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.
Alibaba's Stock Yearly Top and Bottom Value
Alibaba's stock is valued at $225.99 at 09:38 EST, way under its 52-week high of $319.32 and way above its 52-week low of $169.95.