Why Alibaba Stock Was Underwater Today

Key Points An analyst downgraded his recommendation on the Chinese tech giant. This helped dampen the rally it had been experiencing recently. 10 stocks we like better than Alibaba Group › Monster Chinese tech company Alibaba Group (NYSE: BABA) wasn't looking all that mighty on the second-to-last trading day of the week, at least as far as its American depositary receipts (ADRs) were concerned. They shed 0.6% of their value that day, with a recommendation downgrade from an analyst being a chief cat ...