Despite initial bounds made by Alibaba, the Amazon rival has been gradually easing back down since it reached its all-time high of around $120 per share in the middle of November. While not yet setting new lows, Alibaba is back down to just above $96; the lowest it has been since the end of October, before Singles’ Day sent the stock to its record high. Tmall International and other Alibaba brands are struggling to appease large venders in to taking out listings. Even going fully global hasn’t been able to stem the slide Alibaba finds itself in. Just today, when it announced that it would spend 2015 expanding internationally, it lost 3.28% of its opening value.
January 16, 2015 – Stock Market News
Despite initial bounds made by Alibaba, the Amazon rival has been gradually easing back down since it reached its all-time high of around $120 per share in the middle of November. While not yet setting new lows, Alibaba is back down to just above $96; the lowest it has been since the end of October, before Singles’ Day sent the stock to its record high. Tmall International and other Alibaba brands are struggling to appease large venders in to taking out listings. Even going fully global hasn’t been able to stem the slide Alibaba finds itself in. Just today, when it announced that it would spend 2015 expanding internationally, it lost 3.28% of its opening value.
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