Analyst Defends Alibaba (BABA) on Mid-Day Swoon
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Alibaba (NYSE: BABA) is attempting to stabilize with Citi coming out to defend the stock following earlier comments on mid-single digits GMV at the Citi conference. The analyst said the comments were taken out of context.
Shares of BABA are down 2% mid-day. Yahoo! (NASDAQ: YHOO) was also lower on the news.
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