Alibaba Stock Rises On Earnings, Spinoff News. But Is BABA Stock A Buy Now?
Alibaba stock was up nicely in premarket trading Thursday, helped by a strong fiscal Q1 earnings report. Buyers have pushed BABA stock higher in recent days after months of underperformance, but is Alibaba stock a buy now? Adjusted profit increased 37% to $2.40 a share, nicely above the consensus…
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