The Alibaba Group Holding Ltd. (NYSE: BABA) stock price hit its lowest level since its IPO this week when shares fell to $80.03 Tuesday afternoon.
That's 14.8% from Alibaba's first-day closing price of $93.89. It's 33.3% from BABA's high of $120 hit on Nov. 10.
The Alibaba Group Holding Ltd. (NYSE: BABA) stock price hit its lowest level since its IPO this week when shares fell to $80.03 Tuesday afternoon.
That's 14.8% from Alibaba's first-day closing price of $93.89. It's 33.3% from BABA's high of $120 hit on Nov. 10.
The Alibaba earnings report was released this morning (Thursday) and investors are panicking. In fact, Alibaba stock dipped as much as 11% this morning.
You see, the main culprit today is a slight revenue miss.
Alibaba Group Holding Ltd. (NYSE: BABA) reported revenue of $4.2 billion for its fiscal third quarter ending December 2014. Analysts had predicted revenue of $4.45 billion.
