$BABA is one of biggest losers #stocks today. read more:

Alibaba Group Holding Limited A (symbol: BABA) was one of the worst losers
of the trading day today (2016-06-01), losing -6.48%. The number of shares
that changed hands was 62,187,823, or about 5 times the average daily
volume in the stock.
The closing price was $76.69, amounting to a market cap of
$191,360,000,000, about -16.28% off the highest price in the last 12
months. The stock has been trading at a range between $57.2 and $91.6.
BABA is in the Business Services industry, part of the Miscellaneous
sector. It first went public in 2014.
Looking at its valuation, the stock is now trading at 18.01 times earnings.