Scalper1 News
Alibaba Group stock hit a new high Tuesday after China’s e-commerce leader reported accelerating revenue growth with strong gains in mobile and user engagement. Investors looked past decelerating earnings growth and shrinking profit margin, as Alibaba (BABA) shares rose 4% to 106.07, a new high for a second straight day. The stock has risen 28% since its post-IPO low set on Oct. 15. Alibaba earned 45 cents a share minus items, Scalper1 News
Scalper1 News