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HomeTrading NewsAlibaba Stock’s Two-Day Rally Looks Like a Head Fake. The Stock Is Falling Again.

Alibaba Stock’s Two-Day Rally Looks Like a Head Fake. The Stock Is Falling Again.

Alibaba investors should be used to wild rides by now. After the Chinese e-commerce giant lost almost a quarter of its market value in the last month alone, the stock looked to be staging a comeback this week, posting its biggest one-day gain in four years.

That momentum seems to have disappeared. Alibaba‘s (ticker: BABA) U.S.-listed stock was down 1% Wednesday, with its Hong Kong-listed shares (9988.H.K.) slumping 4.7%. While Alibaba stock surged a cumulative 12% Monday and Tuesday, that jump belies the fact that the shares…

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