Where to trade Alibaba stock amid fears of a possible delisting from NYSE
- Alibaba stock dipped −1.60 (1.26%) today.
- NYSE: BABA stock is currently trading at $127.53.
- Here is a brief guide on where to buy Alibaba stock.
Alibaba stock has been on a downward trend since October 23, 2020 and there are fears that the stock could be delisted from the New York Stock Exchange (NYSE) because of its latest underperformance, which has been caused by China’s involvement in the company’s internal affairs.
To help stock investors interested in investing in Alibaba stock, Invezz has created a brief article on what it is and where to buy it.
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Where to trade Alibaba stock
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What is Alibaba stock?
Alibaba stock is the stock of Alibaba Group Holding Limited and it trades on the Hong Kong Stock exchange under the symbol HKG: 9988. It also trades in the New York stock exchange under the symbol NYSE: BABA.
Alibaba Group Holding Limited, also known as Alibaba Group, is a multinational technology company that specializes in retail, internet, e-commerce, internet, and technology.
Alibaba runs the Alibaba.com eCommerce website.
Should I buy Alibaba stock today?
At the moment, investors are in a wait-and-see situation as fears of Alibaba stock being delisted from the NYSE amid its continued underperformance.
BABA stock price prediction
Althoguh some investors still believe that the Alibaba stock is highly undervalued since the company has been making profits all along, there seem to be no end to Alibaba stock dip.
The stock’s price is expected to continue dropping in the near future.