The Alibaba stock price opened at $82.30 today (Wednesday) after the company reported record sales on the world's biggest shopping day, Singles' Day.
Alibaba Group Holding Ltd. (NYSE: BABA) stock is now up 37.2% since the start of October.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The Alibaba stock price opened at $82.30 today (Wednesday) after the company reported record sales on the world's biggest shopping day, Singles' Day.
Alibaba Group Holding Ltd. (NYSE: BABA) stock is now up 37.2% since the start of October.
Here's what's next for the Alibaba stock price and BABA shareholders...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The Alibaba stock price opened at $82.30 today (Wednesday) after the company reported record sales on the world's biggest shopping day, Singles' Day.
Alibaba Group Holding Ltd. (NYSE: BABA) stock is now up 37.2% since the start of October.
Here's what's next for the Alibaba stock price and BABA shareholders...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
Alibaba stock was up as much as 3.5% to $119.07 Wednesday, one day after the biggest shopping day in history.
Nov. 11 was "Singles' Day" in China, and more than $9.3 billion was spent over Alibaba Group Holding Ltd.'s (NYSE: BABA) network of sites. In just 24 hours, Alibaba processed more than 278 million orders.
That's more than was spent in the entire U.S. last Thanksgiving, Black Friday, and Cyber Monday combined.
Here's the best way to play Alibaba stock now that the historic holiday is over...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
It's Singles' Day in China and customers are celebrating early - which is huge for Alibaba stock.
In fact, more than $1 billion was spent over Alibaba Group Holding Ltd.'s (NYSE: BABA) network of sites during the first 17 minutes of the day.
To Americans the holiday means nothing. But to those investing in Alibaba stock, it's the biggest day of the year.
Here's exactly what Singles' Day means for Alibaba stock, and how to play BABA long term...