Wall Street

Is This The Low For Alibaba (NYSE:BABA)?

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ValueWalk

It’s been a while since there was any good news for investors of Alibaba (NYSE:BABA) to get excited about. Antitrust concerns last year were compounded by a large risk of delisting on US exchanges, which was in turn dwarfed by the impact of rising interest rates and the strong risk-off sentiment that’s been in place so far in 2022. Together, these sent shares of the Chinese e-commerce giant down as much as 75% from their 2020 high. But it’s starting to look like a low has been put in, and considering just how hard Alibaba has been able to rally under the right conditions in the past, investors…

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