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Barchart
Barchart
Wajeeh Khan

Ahead of Alibaba Earnings, Here's What Barchart Data Says Comes Next for BABA Stock

BABA Alibaba Barchart

The options market believes Alibaba (BABA) shares are poised to extend gains after the giant’s first-quarter earnings, which are scheduled to be released on Aug. 20. That’s significant given BABA is expected to report $1.77 in earnings per share (EPS), which would represent a 6.35% decline versus the same quarter last year.

Still, Alibaba stock is inching higher heading into the earnings event, currently up more than 35% versus its recent low.

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