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Alibaba shares fall despite legal victory regarding US Department of Defense blacklist

Stocktwits +2 · ·by G4L

BABA Alibaba Group Holding Ltd ADR
$105.38 -3.72%
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  1. 1Alibaba secured a court ruling on Monday blocking the US administration from enforcing restrictions linked to its designation on the Department of Defense blacklist.
  2. 2Alibaba (BABA) shares fell 1.3% during pre-market trading on Tuesday.
  3. 3BABA shares are down 31% year-to-date.

So what's the key point?

Alibaba won a legal battle to block sanctions from the US government. However, its stock price fell 1.3%, bringing its year-to-date decline to 31%.

Source Stocktwits +2 · View original ↗

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