Alibaba stock sinksmore than 5% in Tuesday's premarket. Alibaba postsfiscal Q4 results for quarter ending in March. Adjusted EPADS misses consensus by 2 cents,down 12 cents from a year ago. Revenue rises 7% YoY as AliExpress, Lazada pull more than their weight. Alibaba , maybe China’s most well-known company, posted fiscal fourth-quarter earnings early Tuesday that depressed traders.
stock lost the $80 support level when shares traded down more than 5.5%. If the same carries through to the regular session, this is bad news. The $80 level took stock back to the $70 level, where
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