Why Alibaba Stock Was Riding Higher on Wednesday
Key Points The company pulled off a successful round of capital raising. It was aiming to drum up a gross amount of $3.2 billion in funds. 10 stocks we like better than Alibaba Group › Chinese e-commerce giant Alibaba Group (NYSE: BABA) was standing tall on the stock market Wednesday. Fueled by a successful round of capital-raising, the company's U.S.-traded American depositary shares (ADSes) were rising by nearly 3% in late-session action. That was easily outpacing the S&P 500 index's gain of 0.2% ...