Alibaba shares are trading higher. The stock fell on Tuesday following quarterly earnings. The stock may also be gaining today following a price target raise from B of A and a bullish tweet from Citron.
Portfolio Pulse from Benzinga Newsdesk
Alibaba shares are trading higher after a previous decline following quarterly earnings. The stock is gaining due to a price target raise from Bank of America and a bullish tweet from Citron.
May 16, 2024 | 2:57 pm
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Alibaba shares are trading higher after a previous decline following quarterly earnings. The stock is gaining due to a price target raise from Bank of America and a bullish tweet from Citron.
The stock is reacting positively to a price target raise from a major financial institution (Bank of America) and a bullish sentiment from a well-known market influencer (Citron). This follows a recent decline due to quarterly earnings, indicating a potential recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100