BABA buzz is on a tear over the last 24 hours- here’s what you need to know

increase in buzz on r/wallstreetbets

Published on Apr 11, 2021

blog writer
TopStonks Team

BABA buzz is up 220.79%] over the last 24 hours compared to the last 7 days. The stock has a 52 week high of $319.32 and a 52 week low of $189.53. There have been 4 options bets on the stock, with all 4 being bullish.

Screenshot 2021-04-11 101443

BABA was in the news today:

  • Right now news 1 is the biggest headline for the stock. Many are talking about the fine thrown onto Alibaba and what it means for investors in BABA.

4/10/21 u/beefstake wrote:

 “Anti-trust probe ending. Handed out 2.7B fine. BABA will have to self regulate and produce reports each 12mo for next 3 years. Very bullish news. Apart from the already announced and talked about required reduction in their media holdings there isn't a material impact to the business structure. Fine doesn't matter at all. The punishment being purely monetary is the biggest bullish thing because BABA isn't exactly short of a dollar.”

4/10/21 u/userGuardLifeNJ wrote:

“To each their own. A dollar I make in the Chinese market is the same dollar I’d made in the US market. I added another 20k in summer calls yesterday in BABA, not because I love China, but because BABA is a good investment in a prime position to rally. Nothing more, nothing less.”

4/10/21 u/userZozland wrote:

“This could mean the long overarching shadow of investigations could finally be over for Baba. Stock was too low IMO from FUD (rightfully so). From talks of potential delisting, harsher penalties from the Chinese govt, we had no idea when penalties would be struck. I honestly think this news is more bullish than not. Most of the FUD can now be gone but still potential of US delisting (although not in the near future) and Chinese govt still breathing down their necks but not so much. We will see”

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