Alibaba Stock Is a Roaring Tiger Again
Fed-up investors who dumped Alibaba Group (NYSE: BABA ) stock in March will regret it. BABA stock bottomed at $73.28 in mid-March 2022. The following month, Premier Li Kequiang said it would pause its crackdown on the sector. The shift to promoting economic growth proved helpful to BABA stock. Shares are up by around 60% from the 52-week low. It only needs less than 50% more in gains to return to yearly highs. Ticker Company Price BABA Alibaba Group Holding Limited $115.33 BABA Stock Roars Ahead China backed off on its push for common prosperity amid the Covid-19 omicron outbreak. The Chinese Communist Party (CCP) abruptly shut down Shanghai in late March. At the time, it planned lockdowns that would last no more than a week. Two months later, the economic devastation forced the government to shift its priorities. 7 Warren Buffett Stocks to Buy and Hold for the Next Decade To ease the devastating economic hardships on its people, the Chinese government will tone down its crackdown on technology firms.
Alibaba Stock Is a Roaring Tiger Again
Fed-up investors who dumped Alibaba Group (NYSE: BABA ) stock in March will regret it. BABA stock bottomed at $73.28 in mid-March 2022. The following month, Premier Li Kequiang said it would pause its crackdown on the sector. The shift to promoting economic growth proved helpful to BABA stock. Shares are up by around 60% from the 52-week low. It only needs less than 50% more in gains to return to yearly highs. Ticker Company Price BABA Alibaba Group Holding Limited $115.33 BABA Stock Roars Ahead China backed off on its push for common prosperity amid the Covid-19 omicron outbreak. The Chinese Communist Party (CCP) abruptly shut down Shanghai in late March. At the time, it planned lockdowns that would last no more than a week. Two months later, the economic devastation forced the government to shift its priorities. 7 Warren Buffett Stocks to Buy and Hold for the Next Decade To ease the devastating economic hardships on its people, the Chinese government will tone down its crackdown on technology firms.