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BABA May 2024 63.000 put
| Previous close | 0.0500 |
| Open | 0.3900 |
| Bid | 0.0000 |
| Ask | 0.1400 |
| Strike | 63.00 |
| Expiry date | 2024-05-31 |
| Day's range | 0.2300 - 0.3900 |
| Contract range | N/A |
| Volume | |
| Open interest | 69 |
- Yahoo Finance Video
Alibaba is in the eye of a geopolitical storm: Analyst
Shares of Alibaba (BABA) are slipping after the company posted an 86% loss in its fourth quarter profits year-over-year. CFRA Research Senior Equity Analyst Angelo Zino joins Market Domination Overtime to discuss Alibaba's earnings and what it may signal about the state of the consumer. Alibaba saw weaknesses in its e-commerce and cloud businesses, which make up more than 50% of its revenue, Zino says. He adds that slow e-commerce growth is "disappointing," while the hit to the cloud business is concerning as it "is a critical part of the valuation story." "There are clearly geopolitical pressures out there," he adds, saying that Alibaba is "absolutely in the eye of the storm." He points to the company's inability to access advanced chips, which will delay efforts to create large language models that could drive revenue as its US counterparts march ahead. Zino says Alibaba's weak earnings demonstrate "that the consumer is trading down." While the company is seeing improvement from Chinese consumers, Zino is unsure whether that momentum will be sustainable through the end of the year. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
ZacksAlibaba (BABA) Q4 Earnings Beat Estimates, Revenues Rise Y/Y
Alibaba's (BABA) fourth-quarter fiscal 2024 results reflect strength across the International commerce, local services and Cainiao logistics businesses.
BenzingaTanking Profit Overshadowed Alibaba's AI Growth And Reignited Domestic E-Commerce
On Tuesday, Alibaba Group Holding Limited (NYSE: BABA) reported its net profit took quite a dive during the fiscal fourth quarter, after already having a hard time throughout 2023 as it underwent its largest-ever corporate restructuring. Fourth Fiscal Quarter Highlights For the quarter ended on March 31st, Alibaba posted revenue grew 7% YoY to 221.9 billion yuan, which amounts $30.7 billion, as it boosted domestic e-commerce sales. But, Alibaba reported its net income attributable to ordinary sh
