If immediacy bias represents an upside catalyst for publicly-traded securities, Alibaba (NYSE:BABA) deserves special attention. Against both wider fundamentals as well as company-specific tailwinds, BABA stock appears poised for significant gains following a rough year. However, the damage that its home nation of China inflicted regarding its zero-COVID policy may be too much for Alibaba to overcome. Thus, investors should consider selling BABA stock into strength. For those that plan on exiting the Chinese e-commerce giant, they’re going to need to think quickly. The company will disclose its results for its fiscal second quarter on November 17.
https://www.tipranks.com/news/article/get-ready-to-sell-alibaba-baba-stock-into-strength?utm_source=advfn.com&utm_medium=referral
Alibaba (NYSE:BABA)
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Alibaba (NYSE:BABA)
Historical Stock Chart
Von Feb 2022 bis Feb 2023 Click Here for more Alibaba Charts.