Why Alibaba (BABA) Outpaced the Stock Market Today
Alibaba (BABA) closed the most recent trading day at $182.78, moving +2.27% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.34%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.42%. Shares of the online retailer witnessed a gain of 29% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 0.41%, and the S&P 500's gain of 3.54%.Market participants will be closely following the financial results of Alibaba ...