Alibaba Stock Alert: Is This the Turnaround Investors Were Waiting For?

Over the past year Alibaba (NYSE:BABA) stock lost one-third of its value but in recent weeks is running hot again. Shares are up 26% from their 52-week low. Although the Chinese e-commerce giant remains over 60% below its all-time high hit back in 2021, is this the inflection point investors have been waiting for? There is good reason to believe it is. Let’s dig in to find out why.Too Many DistractionsAlibaba took its eye off the ball. It tried to be all things to all people. Beyond just its e-commerce plat ...