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Alibaba Stock Has Fallen Close to 15% in 2018

Adam Rogers
Alibaba Stock Has Fallen Close to 15% in 2018

The stock of Chinese (FXI) Internet giant Alibaba (BABA) has declined 17.7% this year and is currently trading at $141.90. Alibaba stock has fallen 13.9% in October 2018 and has been impacted since founder Jack Ma announced his retirement in September. Analysts expect Alibaba’s revenue to rise 58% to $57.6 billion in fiscal 2019 (year ending in March) and 29% to $79.9 billion in 2020.