Alibaba (BABA) Gains 4.6% in 6 Months: What's Next for Investors?
BABABABA(BABA) ZACKS·2024-07-10 22:50

Alibaba (BABA) , commonly known as China’s e-commerce giant, has seen its stock price climb 4.6% in the past six months, underperforming the Zacks Internet-Commerce industry and Zacks Retail-Wholesale sector’s growth of 21.3% and 12.7%, respectively. Macroeconomic headwinds, sluggish growth in China and various market challenges in different countries have been hitting the stock hard. BABA has lost 2.3% in the year-to-date period and is currently trading below the 50-day moving average.Although Alibaba is t ...