U.S. Stock Night Market Movements
Alibaba rose 3.50% in the night market. Based on recent key news:
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On May 4th, Alibaba's stock price significantly increased in large transactions, with a transaction amount exceeding HKD 126 million, indicating strong market interest in its shares. Such large transactions typically suggest active participation from institutional investors, driving the stock price up.
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On May 5th, analysts expressed concern over Alibaba's cloud business, expecting public cloud demand to grow in the coming years. Wall Street analysts forecasted its earnings per share to be USD 0.90, a decrease compared to the same period last year, but revenue is expected to grow by 11% year-on-year. Analysts hold a positive attitude towards Alibaba's steady progress and strong infrastructure, giving it a strong buy rating.
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On May 6th, the Hang Seng Index fell back to around 25,900 points, with Alibaba's stock price fluctuating near the 10-day, 20-day, and 50-day moving averages, possibly consolidating around 130 HKD in the short term. The market is cautious about its future trends, with significant price volatility. The commercialization process of the AI industry is accelerating, with noticeable capital inflows.
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Stocks with High Trading Volume in the Industry
Amazon fell 0.49% in the night market. Based on recent key news:
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On May 4th, Amazon announced the launch of supply chain services, opening its logistics network to all businesses. This move led to a significant drop in transportation stocks, with UPS and FedEx shares falling over 9% respectively. Source: Zhitong Finance
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On May 5th, the expansion of Amazon's supply chain services was seen as a major shock to the North American freight industry, potentially changing the industry landscape. Source: Morgan Stanley
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On May 4th, a Citigroup report pointed out that Amazon's cloud services are accelerating growth, retail demand is strong, and profit margins are expanding, reaffirming a buy rating. Source: Citigroup. The competition in the logistics industry is intensifying, with significant capital flows.
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Pinduoduo rose 0.18% in the night market. Based on recent news:
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On May 4th, the platform must abandon the &#34;uploading means compliance&#34; rough review model and fully upgrade its review system. This initiative aims to reduce the possibility of &#34;ghost stores&#34; operating on the platform, enhancing compliance and market trust, thus driving up the stock price.
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On May 5th, analysts from MarketBeat reported that although Pinduoduo is currently rated as hold, top analysts believe there are five stocks more worthy of purchase than Pinduoduo. This news may have some impact on investor confidence but has not significantly suppressed the stock price.
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No other significant news recently. The overall market performance is stable, with steady capital flows.
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Coupang fell 5.30% in the night market. Based on recent key news:
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On May 6th, Coupang announced its first-quarter financial report, with revenue growing 8% year-on-year to USD 8.5 billion, but operating losses reached USD 242 million, putting pressure on the stock price. Source: Reuters
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On May 6th, Coupang announced a stock repurchase plan, with the board approving an additional USD 1 billion in repurchase authorization, improving market expectations for its long-term growth. Source: Reuters
On May 6th, analyst ratings show that the average rating for Coupang stock is &#34;Buy,&#34; but the stock price still faces pressure. Source: Reuters The competition in the e-commerce industry is intensifying, putting pressure on profit margins
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BABA

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Alibaba rose 3.50% in the after-hours market; Amazon fell 0.49% in the after-hours market, with a transaction volume of USD 8.68 million; Pinduoduo rose 0.18% in the after-hours market, with a transaction volume of USD 1.33 million; Coupang fell 5.30% in the after-hours market, with a transaction volume of USD 740,300

- Alibaba's stock rose 3.50% in after-hours trading on May 4, driven by significant trading volume exceeding 1.26 billion HKD, indicating strong institutional interest.  
- Analysts positive on Alibaba's cloud business forecast a demand increase, with an expected earnings per share of $0.90, despite an anticipated 11% revenue growth year-over-year.  
- Meanwhile, Coupang's stock fell 5.30% after reporting an 8% revenue increase but a $242 million operating loss, although a $1 billion stock buyback plan was approved to bolster market confidence.

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U.S. stock night trading volatility: Alibaba rises 3.50% in after-hours trading, institutional large trades and cloud business prospects boost stock price rebound