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Is Alibaba Finally Out of the Caves?

Is Alibaba Finally Out of the Caves?

Since its listing on the New York Stock Exchange in 2014, Alibaba, also known as BABA, has undergone a wild journey with its stock performance. The company has faced both peaks and valleys, much like the tale of the fabled Ali Baba himself. And like the mythical character, Alibaba seems to have finally escaped the…

Alibaba and JD.com Thrive as Strong Performing Stocks

On Monday, shares of Alibaba (BABA) +2.44% and JD.com (JD) +4.68% advanced, although the price action did not appear to be driven by sales statistics from the much-observed annual Singles Day event. In premarket trading in the United States, shares of e-commerce competitor JD.com (JD) gained 3.5%, outperforming futures tracking the S&P 500 (SPX) –0.00%…