Alibaba shares 7-day surge; Longest winning streak in over a year

Alibaba (NYSE: BABA) shares have recorded a remarkable seven consecutive days of stock gains, marking its longest streak in more than a year. Yet, despite these positive indicators, Alibaba’s shares remain significantly down from their late-2020 peak, largely due to regulatory pressures and economic challenges in ChinaAlibaba’s shares rose by 2% in U.S. premarket trading on Friday, reaching a price of $75.11 at market close—an increase of 0.64% from the previous day. This performance is notable as it stands ...