Scalper1 News
Alibaba (BABA) stock was down on the first trading day after the expiration of a massive stock lockup valued at about $105 billion. The expiration, on Saturday, lifted trading restrictions on 1.6 billion shares, or 64% of shares outstanding. That’s almost five times the amount of shares sold when Alibaba priced its blockbuster initial public offering on Sept. 18, 2014, and started trading the next day. Alibaba stock was down 3%, near 63, in midday Scalper1 News
Scalper1 News