Alibaba Group shares fall as JPMorgan and Goldman Sachs identify it as preferred stock for second half
BABA9988
Statements (2)
- Bearish
Alibaba Group Holdings shares are likely to face significant selling pressure as Jack Ma's family trust plans to sell 10 million American Depository Shares valued at approximately US$871 million, which will directly impact the company's valuation.
- Bearish
Alibaba (BABA) shares are likely to see increased selling pressure as Morgan Stanley cuts its price target from $190 to $180, reducing upside expectations for late-August earnings.