Scalper1 News
Three closely watched recent IPOs — Alibaba Group, GoPro and Mobileye — showed strong gains Tuesday. Alibaba Group (BABA) stock rose 3% on the stock market today, closing at 90.90. Last week, UBS initiated coverage of Alibaba with a buy rating and price target of 100. Alibaba priced its initial public offering on Sept. 19 at 68. The China e-commerce giant is scheduled to report quarterly earnings Nov. 4. The consensus revenue estimate is $2.5 Scalper1 News
Scalper1 News