Assessing Alibaba After 10% Share Price Drop and New US Export Control Concerns
Thinking of what to do with your Alibaba Group Holding shares? You are certainly not alone. The past year has been a wild ride for this stock, catching the eye of bold investors and cautious observers alike. Alibaba’s share price climbed an impressive 91.7% year-to-date and is up by a hefty 124.5% over the past three years. While the last week was rocky, with a 10.2% slide shaking out some of the momentum, the longer-term picture still points toward notable recovery after a multi-year slump that saw the stock down 44.7% over five years.
So, what is driving these ups and downs? Shifting risk perceptions from geopolitical headlines play a role, no doubt, as global policy tensions ebb and flow. Yet, even as chatter about export controls…
