Home Stock Where to trade Alibaba stock amid fears of a possible delisting from NYSE

Where to trade Alibaba stock amid fears of a possible delisting from NYSE

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Alibaba stock has been on a downward trend since October 23, 2020 and there are fears that the stock could be delisted from the New York Stock Exchange (NYSE) because of its latest underperformance, which has been caused by China’s involvement in the company’s internal affairs.

To help stock investors interested in investing in Alibaba stock, Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

Where to trade Alibaba stock

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What is Alibaba stock?

Alibaba stock is the stock of Alibaba Group Holding Limited and it trades on the Hong Kong Stock exchange under the symbol HKG: 9988. It also trades in the New York stock exchange under the symbol NYSE: BABA.

Alibaba Group Holding Limited, also known as Alibaba Group, is a multinational technology company that specializes in retail, internet, e-commerce, internet, and technology.

Alibaba runs the Alibaba.com eCommerce website.

Should I buy Alibaba stock today?

At the moment, investors are in a wait-and-see situation as fears of Alibaba stock being delisted from the NYSE amid its continued underperformance.

BABA stock price prediction

Althoguh some investors still believe that the Alibaba stock is highly undervalued since the company has been making profits all along, there seem to be no end to Alibaba stock dip.

The stock’s price is expected to continue dropping in the near future.

$BABA stock social media coverage

Alibaba lost more than half a TRILLION dollars in market value since Oct. 2020. It’s now the 25th largest stock in the world, vs 6th back then.

ADRs closed at the lowest since June 2017. This is $BABA vs Nasdaq, normalized: pic.twitter.com/LrBfuwuoeR

— Sofia Horta e Costa (@SofiaHCBBG) December 1, 2021

I have officially sold every other stock I held and have gone all into $BABA. Yes, this literally means my only held position is #alibaba. Got my final shares st $126.30. My current new average is $151.31. Very happy.

Now we wait. PAYtience. #baba pic.twitter.com/WGI38gqr8A

— Barron Wuffett (@itscharliemar) November 30, 2021

The post Where to trade Alibaba stock amid fears of a possible delisting from NYSE appeared first on Invezz.

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