In the latest trading session, Alibaba (BABA) closed at $234.78, marking a -1.64% move from the previous day. This move lagged the S&P 500’s daily loss of 0.53%.
Coming into today, shares of the online retailer had gained 0.96% in the past month. In that same time, the Retail-Wholesale sector gained 1.92%, while the S&P 500 gained 5.72%.
BABA will be looking to display strength as it nears its next earnings release. In that report, analysts expect BABA to post earnings of $1.91 per share. This would mark year-over-year growth of 46.92%. Meanwhile, our latest consensus estimate is calling for revenue of $27.92 billion, up 72.95% from the prior-year quarter.