Bargain Hunters Are Buying Up Alibaba Stock

When discussions turn to China, one question that always pops up from U.S. investors: Is it safe yet to buy Alibaba Group Holding, the e-commerce juggernaut that has been battered over the past two years amid the country’s crackdown on technology?

Alibaba’s stock (ticker: BABA) fell 74% from its peak in fall 2020 at $317, to its low in March, and shares are still down 10% this year. Barron’s has been cautious for a while as others have jumped in.

Volatility…

 » Read More  » Read More

Tags: No tags

Comments are closed.