What Is the Highest Alibaba Stock Has Ever Been?

It's been a tough few years for Alibaba Group (NYSE: BABA) investors. Shares have heavily underperformed the market since 2020. Yet sales have continued to rise. Looking back at the company's financial history reveals a peculiar picture. It's not hard to see why some investors think this former growth darling is now a value stock.During the COVID-19 pandemic's height, e-commerce sales spiked, directly benefiting the sales and net income for major retailers like Alibaba. That year, for example, the company generated a staggering $74 billion in sales during its Singles Day event -- nearly double the $38 billion brought in the year before. In the years that followed, however, the company faced antitrust investigations, leading to a $2.8 billion fine. Meanwhile, outspoken founder Jack Ma garnered increased scrutiny from regulators and Chinese party officials. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool