THE MOTLEY FOOL - Nov 21 - One of last week's biggest gainers was Momo, rising 10.1% ahead of next week's quarterly report. There wasn't any company-specific news breaking on Momo, but many Chinese growth stocks inched higher after Alibaba posted better-than-expected Singles Day results. Singles Day is a shopping holiday along the lines of Black Friday. It's popular with China's young consumers, celebrating being single. Alibaba reported $25.3B in gross merchandise volume transacted through its platform on Singles Day, 39% ahead of the previous year's performance.
by Rick Munarriz
See full article at The Motley Fool
See all posts on Momo app
Summarized by the Courtland Brooks team
|
|
