What's Going On With Alibaba Stock?
Portfolio Pulse from Henry Khederian
Alibaba Group Holding Ltd (NYSE:BABA) shares are up 1.49% to $81.18, extending their gains to 6.2% over the past week. Investors are anticipating the company's first-quarter earnings report, expected to show EPS of $2.11 on revenue of $34.46 billion. Previously, Alibaba reported mixed fiscal Q4 2023 results with 7% YoY revenue growth but missed on adjusted earnings per ADS. The stock has a 52-week high of $96.68 and a low of $66.63.
August 12, 2024 | 5:02 pm
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Alibaba shares are up 1.49% to $81.18 as investors anticipate the company's Q1 earnings report, expected to show EPS of $2.11 on revenue of $34.46 billion. The stock has gained 6.2% over the past week.
The anticipation of Alibaba's Q1 earnings report, with positive analyst expectations, has driven the stock price up by 1.49%. The stock has also seen a 6.2% gain over the past week, indicating strong investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100