Why Alibaba Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Benzinga ·  May 15 01:30

Shares ofAlibaba Group Holding Limited(NYSE:BABA) fell sharply during Tuesday's session following mixed first-quarter financial results.

The e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per ADS of $1.40 missed the analyst consensus estimate of $1.41, according to data from Benzinga Pro.

Alibaba Group shares tumbled 6.8% to $78.86 on Tuesday.

Here are some other stocks moving in today's mid-day session.


  • Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares jumped 352.4% to $5.34 as the company reported pricing of $8.19 million follow-on...
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