American internet retailer Alibaba struggles trough the hard times. After publishing the quarter report, revealed company’s net profit decreased by 69% since past year and made 1,1 billion dollars. At the same time, company’s revenue increased by 3,5%, but this fact didn’t reflect on Alibaba’s stock price. For the first half of year, income decreased by 3,5 times and provoked negative stock trend.
From the beginning of October, Alibaba’s stock price decreased by 9,4%. This negative trend will last for a while, that gives traders a good chance to earn money. Trading will be available during American session, from 14:40 to 21:00 GMT.
The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.