- Benzinga
What's Going On With Alibaba Stock On Thursday?
Alibaba Group Holding Ltd (NYSE:BABA) is eyeing a convertible bond sale to raise close to $5 billion, taking a cue from rival JD.Com, Inc’s (NASDAQ: JD) move this week. Both stocks are trading lower on Thursday. Alibaba discussed bond sales with investment banks. These bonds can be converted into US-listed stock to fund share repurchases and growth. An offering could come by this week, Bloomberg cites familiar sources. Also Read: Alibaba Rival PDD’s Explosive Growth Continues, Revenue More Than
- Zacks
New Strong Sell Stocks for May 23rd
BABA, CALB and FSRL have been added to the Zacks Rank #5 (Strong Sell) List on May 23, 2024.
- Motley Fool
Billionaire David Tepper Sold Amazon, Alphabet, Microsoft, Meta, and Nvidia in Q1. But Here Are 3 AI Stocks He Bought Hand Over Fist
The successful hedge fund manager went looking for AI bargains in the first quarter.
