Where to buy Alibaba stock: it is on the verge of a rebound as it outperforms competitors

Since the start of this week, the Alibaba stock (BABA) has been showing signs of rebounding. On Wednesday, it rose by almost 4% to $126.50 in what seemed to be an all-around positive trading session for the general stock market.

At the close of Wednesday, the BABA stock had outperformed several of its competitors including Amazon which fell by 0.14%, and eBay which fell by 1.30%.

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.

To find out more, please continue reading.

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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 BABA stock today?

If you are looking for a tech stock that has been on the decline but currently showing signs of a rebound, then the Alibaba stock could be a good choice.

Nevertheless, you should be cognizant of the fact that there is no precise cut as to when the bear market shall end especially following the speculations that Softbank could sell off its Alibaba stock.

BABA stock price prediction

The bears seem to have come to an end as a majority of investors strongly believe that the Alibaba stock is highly undervalued since the company has been making profits all along even amid fears that Softbank, one of the largest Alibaba investors, is anticipating for a way out

The stock’s price is expected to assume an upward trend for the remaining part of the 2022 first quarter.

$BABA stock social media coverage

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