Admittedly, things weren't looking bright for Chinese e-commerce leader Alibaba (BABA) going into this year. Though some of its biggest problems looked less likely to hit, the company still had troubles to account for. Now, one more has emerged: a new investigation from President Joe Biden's administration. I was already bearish on Alibaba thanks to its other problems. This newest addition to the problem roster won't make things any better. Alibaba's year in share prices demonstrates a company on the decline. The company spent most of the first six weeks of 2021 plateaued around $260 per share. One week later, the company dropped from just over $270 to about $239.
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Alibaba (NYSE:BABA)
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Alibaba (NYSE:BABA)
Historical Stock Chart
Von Jul 2021 bis Jul 2022 Click Here for more Alibaba Charts.