Michael Burry is not shy about making contrarian investments in the stock market. This video will highlight why one of his stock picks is an excellent buy right now.
On April 18, 2023 at 15:26:40 ET an unusually large
$11,470.00K block of Put contracts in Alibaba Group Holding Limited ADR
(BABA) was sold,
with a strike price of $210.00 / share, expiring in 59 day(s) (on June 16, 2023).
Fintel tracks all large options trad
On April 18, 2023 at 15:26:40 ET an unusually large
$10,967.00K block of Put contracts in Alibaba Group Holding Limited ADR
(BABA) was sold,
with a strike price of $195.00 / share, expiring in 59 day(s) (on June 16, 2023).
Fintel tracks all large options trad
What happened
Shares of the large Chinese tech conglomerate Alibaba Group (NYSE: BABA) fell about 1% today, as investors were mixed on new economic data that came out earlier today.
Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) gaining 0.2% and the Philadelphia Semiconductor index advancing 0.4%.
U.S. stocks were poised to open higher on Tuesday as Bank of America and Johnson & Johnson reported upbeat results, boosting optimism about the earnings season amid concerns about a looming recession.
Consumer stocks were steady premarket Tuesday. The Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) were recently inactive.
The NASDAQ 100 Pre-Market Indicator is up 90.41 to 13,178.12. The total Pre-Market volume is currently 91,652,796 shares traded.The following are the most active stocks for the pre-market session: BELLUS Health Inc. (BLU) is +7.13 at $14.39, with 32,283,500 shares traded. As rep
U.S. stock index futures climbed on Tuesday as Bank of America and Johnson & Johnson reported upbeat earnings, while signs of uneven economic recovery in China and prospects of more Federal Reserve interest rate hikes capped gains.
U.S. stock index futures rose on Tuesday as investors braced for a busy day of earnings, with sentiment tempered by signs of uneven economic recovery in China and prospect for more interest rate hikes by the Federal Reserve.
Alibaba (BABA) closed at $96.42 in the latest trading session, marking a +1.98% move from the prior day. This move outpaced the S&P 500's daily gain of 0.33%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.92%.
Alibaba (BABA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
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Alibaba Cloud — the cloud computing entity of the China-based multinational technology conglomerate Alibaba BABA — recently announced that it will be launching its product Tongyi Qianwen, an AI model similar to ChatGPT.
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