sk27
2023-11-20

$Alibaba(BABA)$ time to accumulate!. Should be showing better results 2024! Give that Q4 is usually busiest Quarter of the year and with the Lunar New Year in early Feb 2024, consumption should surge in Q4 and hence better results to be reported in Q1 2024.

Will BABA Lose More on Jack Ma's Stock Sale Plan?
Jack Ma family trust, plan to sell Alibaba on November 21st, with a combined stock value of $870.7 million. The outlook for Alibaba's paramout domestic e-commerce business remains less optimistic; Alibaba Cloud is facing challenges due to the chip war. With its worrying earnings and founder's stock sale plan, Alibaba fell 10% after earnings. -------------------- Is Alibaba worth investing or not? Are you a bagholder of Alibaba? Will BABA lose more with earnings miss and stock sale plan?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment