Previous close | 176.30 |
Open | 176.30 |
Bid | 180.60 |
Ask | 181.70 |
Strike | 255.00 |
Expiry date | 2024-01-19 |
Day's range | 176.30 - 176.30 |
Contract range | N/A |
Volume | |
Open interest | 12 |
In this article, we’re going to take a look at 12 best cloud stocks to buy now. To see more stocks that made our list, you can skip ahead and take a look at the 5 best cloud stocks to buy now. Should you invest in cloud computing? If you don’t give it much thought, […]
Shares of Alibaba (BABA) began to slide on Friday after Morgan Stanley analyst Eddy Wang gave the company a downgrade from 'Overweight' to 'Equal weight,' cutting the target price from $110 to $90. The downgrade comes from doubts over the company's performance in its key businesses and the rise of Pinduoduo (PDD). Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest development for the company and what it could mean going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Investment bank Morgan Stanley shook up the market for Chinese e-commerce stocks Thursday evening, downgrading Alibaba (NYSE: BABA) in a research report on the industry, cutting its price target on JD.com (NASDAQ: JD), but naming PDD Holdings (NASDAQ: PDD) its top pick in the sector. Despite the bank having different opinions on the three different stocks, however, investors seem to have read only the negatives in Morgan Stanley's note -- and are selling shares in all three companies. As of 10:55 a.m. ET, Alibaba shares are down 2.9%, while both JD.com and PDD Holdings are off 1.9%.