Alibaba (BABA) Falls as 'High-Up' Executive Said to Help SEC with Accounting Probe
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Price: $113.24 +4.33%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
Revenue Growth %: +9.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
Revenue Growth %: +9.2%
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Shares of Alibaba (NYSE: BABA) are down 2% in pre-open trade Tuesday following reports from the New York Post that a 'high-up' staffer is helping the SEC in its accounting probe.
The SEC is working with more than one whistleblower related the accounting probe, first disclosed in May. One was identified as a "high-up" official "who helped initiation the investigation."
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