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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Alibaba (BABA)
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Author: BenSolar   😊 😞
Number: of 77 
Subject: Re: Big news for BABA
Date: 11/16/23 10:19 PM
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Results pretty good. I wonder if the drop is because of this. reuters.com - Jack mas family trust sell mln shares chinas alibaba
"
Chinese billionaire Jack Ma's family trust is set to sell 10 million American Depository Shares of Alibaba Group Holdings (9988.HK), for about $871 million, the ecommerce company said in regulatory filings.

The sale will be done on Nov. 21...
"


Can't be helping, lol. But, while that seems like a lot of selling pressure, there are a bazillion of those shares out there trading every day and today alone volume was 62.9m shares. Granted that was the highest volume in the last 6 months, but it illustrates how 10m sold over a week isn't an overwhelming amount.
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This community has written 77 posts about Alibaba. The article-length ones it recommended most:
Alibaba's Quarterly Report Review · 13 recs · 2024
BABA Pops on Ant News · 11 recs · 2023
Everything has a price · 8 recs · 2023
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