In the latest market close, Alibaba (NYSE: BABA) reached $75.11, with a +0.64% movement compared to the previous day. This change outpaced the S&P 500's 0.46% loss on the day. At the same time, the Dow lost 0.98%, and the tech-heavy Nasdaq lost 0.64%.
Shares of the online retailer witnessed a gain of 4.25% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 3.05% and the S&P 500's loss of 3.04%.
Market participants will be closely following the financial results of Alibaba in its upcoming release. The company is expected to report EPS of $1.20, down 23.08% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue ...