Alibaba Stock Had Its Best Day in 4 Years. Why It’s Rising Again.

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https://www.barrons.com/articles/alibaba-baba-stock-restructuring-management-51638877465

Updated Dec. 7, 2021 8:35 americium ET / Original Dec. 7, 2021 6:45 americium ET

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Shares of Alibaba notched their champion time since June 2017 arsenic markets smiled connected restructuring astatine the Chinese e-commerce giant. The shares were poised to emergence again Tuesday.

U.S.-listed banal of Alibaba (ticker: BABA) jumped 10.4% Monday, the biggest one-day emergence since June 8, 2017—when it roseate 13.3%—and the banal had surged a further 5.3% successful premarket trading Tuesday. Alibaba’s Hong Kong-listed shares (9988.H.K.) soared 12.2% successful Asian trading.

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