Alibaba shares fell 1.9% with 3.85M shares traded, a 78% drop from average, amid analyst target revisions and investor position changes.
Alibaba Group (NYSE:BABA) shares fell 1.9% during trading on Thursday, with approximately 3.85 million shares traded, a decline of 78% from the daily average. Multiple analyst firms have recently revised their price targets, including citigroup, Truist Financial, and JPMorgan Chase & Co. Large investors such as Rhumbline Advisers, LPL Financial LLC, and Calton & Associates Inc. have also made changes to their positions in BABA shares.
June 29, 2024
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