BABA is trading 8.7% up now at $106.65 following a sharp early-session rally driven by narrowing losses in its instant-commerce business and rising optimism ahead of its upcoming earnings report.
- The stock's surge reflects growing investor hope for a broader profit rebound, building on momentum from a 9% jump in pre-market trading.
- BABA is showing significant company-specific strength, outperforming major U.S. indices which are currently trading slightly lower.