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2022-02-19
×Investor's Business DailyIs Alibaba Stock A Buy Right Now After China Cuts Key Lending Rates?KEN SHREVE 10:20 AM ET 01/20/2022Alibaba (BABA) gapped above its 50-day moving average Thursday after China cut a couple of key lending rates to stimulate the economy. Alibaba stock has been on a downtrend for months, weighed down by regulatory concerns, but is Alibaba stock a buy now?BABA stock soared 10% on Dec. 6 on news of a management shakeup and an overhaul of its ecommerce business. Maggie Wu will depart as chief financial officer in April. She'll be replaced by Toby Xu, who currently holds the deputy CFO post. Alibaba also announced plans to restructure its ecommerce operations by forming two new digital commerce divisions, focused on international and domestic markets.Meanwhile, investor
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US STOCKS-Wall Street Ends down as Ukraine Fears Eclipse Solid Jobs Data
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Wall Street Ends Lower as Investors Eye Ukraine Conflict

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