Alibaba Stock’s Two-Day Rally Looks Like a Head Fake. The Stock Is Falling Again.

Alibaba investors should beryllium utilized to chaotic rides by now. After the Chinese e-commerce elephantine mislaid astir a 4th of its marketplace worth successful the past period alone, the banal looked to beryllium staging a comeback this week, posting its biggest one-day summation successful 4 years.

That momentum seems to person disappeared. Alibaba‘s (ticker: BABA) U.S.-listed banal was down 1% Wednesday, with its Hong Kong-listed shares (9988.H.K.) slumping 4.7%. While Alibaba banal surged a cumulative 12% Monday and Tuesday, that leap belies the information that the shares...