Alibaba shares rise after company says it will ‘strive’ to keep NYSE listing

August 2, 2022

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Alibaba ($NYSE:BABA) shares rose on Monday after the Chinese internet company said it would “strive” to keep its New York listing as the Securities and Exchange Commission said it may delist the company amid auditing concerns. Alibaba said that it would “continue to monitor market developments” and that it would “strive to maintain its listing status on both the NYSE and the Hong Kong Stock Exchange,” according to the Financial Times. Alibaba shares rose 1.5% to $90.80 in premarket trading on Monday. The SEC’s concerns center on Alibaba’s accounting practices and its relationships with affiliated companies. If Alibaba is delisted from the NYSE, it could have a negative impact on the company’s market value and earnings.

Market Reaction

Alibaba has come under fire in recent months for its close ties to the Chinese government, and many investors have called for the company to be delisted from the NYSE. Despite the negative media coverage, Alibaba’s stock has remained relatively stable, and Monday’s 1.1% increase shows that investors are still confident in the company.

VI Analysis

Alibaba’s fundamentals reflect its long-term potential. The company’s VI Star Chart shows that it is strong in profitability and growth, medium in asset management, and weak in dividend payments.

However, Alibaba has a high health score of 8/10, indicating that it is capable of paying off its debts and funding future operations. Alibaba is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. At the right price, it is suitable for investors who are looking for high capital gains.

However, high-growth companies are generally considered to be more risky as they attempt to grow faster.



The stock price +1.1% following day. Investors seem to be betting that Alibaba will be able to weather the current negative sentiment and continue to perform well. The stock is up 1.1% following the company’s announcement. Alibaba is a Chinese e-commerce giant that operates several online marketplaces, including the popular Taobao platform. The company has been in the news recently due to a number of negative headlines, including an ongoing dispute with the Chinese government over counterfeit goods being sold on its platforms. Despite the negative news, Alibaba’s shares have risen in recent days after the company said it would “strive” to keep its listing on the New York Stock Exchange. Alibaba is one of the most valuable companies in China, and its shares are widely held by foreign investors. The stock price has been volatile in recent months, but the overall trend has been positive. Alibaba is a long-term investment, and investors seem to be betting that the company will continue to be successful despite the current challenges.

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