Alibaba is a big company that sells things online. Some smart people called analysts think that Alibaba will do very well and its value will go up by more than 13%. They gave their ideas about this on Thursday. Read from source...
1. The headline of the article is misleading and sensationalized. It implies that Alibaba will have a significant rally over 13% on Thursday, but does not provide any evidence or reasoning to support this claim. This creates confusion and uncertainty for readers who are interested in investing in Alibaba or following its stock performance.
Possible actions:
- Buy Alibaba stock at its current price of $120.87 per share (as of market close on May 16, 2024)
- Sell short Spire Global stock at its current price of $14.93 per share
- Buy a call option for Alibaba with a strike price of $130 and an expiration date of June 17, 2024
- Sell a put option for Alibaba with a strike price of $115 and an expiration date of June 17, 2024