Alibaba CEO Steps Down; Buy the Dip in the Stock?

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Alibaba CEO Steps Down; Buy the Dip in the Stock?

The Street2023-06-22

Alibaba Chairman and CEO Daniel Zhang will step down from his role and serve as CEO of the company's upcoming spinoff. Here's the trade.Alibaba shares were in focus on Tuesday after Chairman and CEO ...

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sjsjsj
·2023-06-22
The new CEO is Jack Ma's close colleague, somehow it seems that Jack Ma, although retired...is getting involved in the restructuring planning. ✌️👍
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Cliffyhodder
·2023-06-22
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Here's the trade.Alibaba shares were in focus on Tuesday after Chairman and CEO ...</p>\n\n<a href=\"https://www.thestreet.com/investing/stocks/alibaba-ceo-steps-down-buy-the-dip-in-the-stock-technical-analysis\">Source Link</a>\n\n</div>\n","source":"lsy1610613172068","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba CEO Steps Down; Buy the Dip in the Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba CEO Steps Down; Buy the Dip in the Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-22 13:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/stocks/alibaba-ceo-steps-down-buy-the-dip-in-the-stock-technical-analysis><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Chairman and CEO Daniel Zhang will step down from his role and serve as CEO of the company's upcoming spinoff. Here's the trade.Alibaba shares were in focus on Tuesday after Chairman and CEO ...</p>\n\n<a href=\"https://www.thestreet.com/investing/stocks/alibaba-ceo-steps-down-buy-the-dip-in-the-stock-technical-analysis\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"89988","symbol_name":"阿里巴巴-SWR","start_time":0,"source_url":"https://www.thestreet.com/investing/stocks/alibaba-ceo-steps-down-buy-the-dip-in-the-stock-technical-analysis","article_id":"1192212512","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192212512","pubTimestamp":1687412700,"sourceInfo":{"source_id":"lsy1610613172068","name":"The Street"},"weMediaInfo":null,"summary":"Alibaba Chairman and CEO Daniel Zhang will step down from his role and serve as CEO of the company's","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"89988":"阿里巴巴-SWR","09988":"阿里巴巴-SW","BABA":"阿里巴巴"},"translate_title":"阿里巴巴-SW首席执行官下台；买入下跌的股票？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89988":1.1,"09988":1.1,"BABA":1.1},"content_text":"Alibaba Chairman and CEO Daniel Zhang will step down from his role and serve as CEO of the company's upcoming spinoff. Here's the trade.Alibaba shares were in focus on Tuesday after Chairman and CEO Daniel Zhang said he would step down from his role.Zhang is stepping down to focus on the group's cloud division. TheStreet's Martin Baccardax reported that earlier this year, Alibaba unveiled plans to split each of its divisions into a separate company, with plans to pursue individual IPOs \"when they are ready.\"Alibaba stock, which finished off 0.1% on Friday after hitting its highest level since April 19, fell 4.5% on Tuesday. On Wednesday, the stock was off 1.3%, setting a three-day losing streak.Some investors argue that the stock is being unfairly punished amid “positive change at the top.”While Alibaba has become a dominant force in e-commerce — with many calling it the Amazon of China — U.S. investors have not treated it as such.Not helping sentiment is that the company has sparred with the Chinese government and that Chinese companies listed on U.S. exchanges have faced delisting risk.Still, one could make a good argument for Zhang leading Alibaba's soon-to-be-spun-off cloud division. Amazon’s cloud unit — AWS — is a major contributor to its top- and bottom-line results.Trading Alibaba StockDaily chart of Alibaba stock.Alibaba stock consolidated nicely in early June, then saw a four-day rally that sent it to multimonth highs.The rally also put the stock in a monthly-up rotation by clearing the May high near $91.50. Lastly, that rally put Alibaba above all its major daily moving averages and most of its key weekly moving averages.Just a few days later, Alibaba has traded back below the May high while dipping below the 10-day, 200-day, 10-week, 21-week and 50-week moving averages.Basically, the $87 to $90 zone contains a number of key moving averages. 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