Why Alibaba Group (BABA) Stock Crashed Yesterday
From Yahoo Finance: 2025-05-16 09:40:00
Wall Street’s main indices finished mixed Thursday, with the Nasdaq down 0.18%, Dow Jones up 0.65%, and S&P 500 rising by 0.41%. 10 companies suffered losses due to negative news and missed estimates. Alibaba Group Holding Limited (BABA) plunged 7.57% due to missed Q1 earnings forecasts. Net income soared by 279% to 12.382 billion yuan, but EPS and revenue missed estimates. CFO announced $4.6 billion in dividends to be paid in two parts, totaling 25 cents per share or $2 per ADS. BABA ranks 9th in the list of stocks traders are fleeing today.