Home Stock Alibaba stock (NYSE:BABA) price is up 31% today: here is where to buy it

Alibaba stock (NYSE:BABA) price is up 31% today: here is where to buy it


Alibaba stock has been on a downward trend since October 23, 2020, leading to fears that the stock could be delisted from the New York Stock Exchange (NYSE) after another Chinese giant DiDi Global (NYSE:DIDI) revealed it was going to delist from the NYSE.

However, the stock has turned the tables to register a very strong upward surge of more than 31% today.

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


eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Register with eToro instantly


Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.

Register with Webull instantly

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 (NYSE:BABA) today?

It could be the perfect time to buy the e-commerce giant’s stock following today’s surge which most likely signals an end of the bear trend.

Alibaba stock price prediction

The bears seem to have come to an end amid speculations among investors who strongly believe that the Alibaba stock is highly undervalued since the company has been making profits all along, there seems to be no end to Alibaba stock dip.

The stock’s price is expected to assume an upward trend moving into the festive Christmas season as sales increase.

$BABA stock social media coverage

#Alibaba shares saw biggest jump since Jun2017, as bargain hunters piled in amid improved sentiment following #China‘s move to bolster econ. CenBank announced it will reduce most banks’ reserve requirement ratio next week, unleashing $188bn of liquidity.  https://t.co/0VQbRra2E8 pic.twitter.com/JhK5amGJRl

— Holger Zschaepitz (@Schuldensuehner) December 7, 2021


— Investing.com (@Investingcom) December 6, 2021

The post Alibaba stock (NYSE:BABA) price is up 31% today: here is where to buy it appeared first on Invezz.

You may also like