3 Reasons to Buy Alibaba Stock Like There's No Tomorrow

Alibaba's (NYSE: BABA) stock closed at a record high of $306.16 on Oct. 27, 2020. At the time, investors were impressed by the Chinese e-commerce and cloud leader's wide moat, rapid growth rates, and its expansion into adjacent markets.But by Oct. 24, 2022, Alibaba's stock had dropped below its IPO price of $68 and closed at its all-time low of $60.99. Its stock crashed as China's antitrust regulators cracked down on its e-commerce business, formidable competitors like PDD Holdings gained ground, and the broader economy cooled off.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool