Alibaba (BABA) Laps the Stock Market: Here's Why

In the latest trading session, Alibaba (BABA) closed at $72.99, marking a +1.78% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.Shares of the online retailer witnessed a loss of 4.21% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 1.12% and the S&P 500's gain of 1.65%.Analysts and investors alike will be keeping a close eye on the ...