Shares of Alibaba rose 5.05% to $264.36 at 12:05 EST on Wednesday, after four sequential sessions in a row of gains. NYSE Composite is jumping 0.31% to $15,033.23, following last session’s upward trend, This seems, up to now, a somewhat positive trend trading session today.
Alibaba’s last close was $251.65, 20.79% below its 52-week high of $319.32.
News about Alibaba today
Jack ma emerges for first time since ant, Alibaba crackdown. According to today’s article on Bloomberg Quint, "While it’s still unclear where Ma is, his emergence in a public forum may help quell persistent rumors about his fate while Beijing pursues investigations into online finance titan Ant Group Co. and Alibaba Group Holding Ltd. ", "The executive had kept out of public view since early November, when Chinese regulators torpedoed Ant’s $35 billion IPO, tightened fintech regulations, then ordered an overhaul of Ant and launched a separate antitrust probe into Alibaba — all in a span of days."
Some $63 billion richer, Alibaba investors react to ma’s video. According to today’s article on Bloomberg Quint, "The downside risk is mostly priced in but we don’t see a limit to the upside, especially as Alibaba is yet to be added to the stock connect links that are attracting a lot of cash.", "A video of Jack Ma addressing teachers on Wednesday spurred the biggest stock rally in six months for Alibaba Group Holding Ltd., the retail behemoth he co-founded two decades ago."
Asia-pacific stocks finish mostly higher as Alibaba shares soar in Hong Kong. According to today’s article on FX Empire, "Most of the focus was on Hong Kong where listed shares of Chinese tech juggernaut Alibaba surged following the reappearance of founder Jack Ma.", "The IT sector sub-index led the gains by rising 5.47%, with the heavyweight Alibaba Group recorded the best intraday gain in more than six months."
Alibaba’s sales growth is 61.9% for the current quarter and 66.2% for the next. The company’s growth estimates for the present quarter is a negative 82.2% and positive 51.1% for the next.
Alibaba’s last day, last week, and last month’s average volatility was a positive 3.36%, a positive 2.07%, and a negative 0.23%, respectively.
Alibaba’s last day, last week, and last month’s high and low average amplitude percentage was 2.38%, 2.89%, and 3.52%, respectively.
Alibaba’s Stock Yearly Top and Bottom Value
Alibaba’s stock is valued at $264.36 at 12:05 EST, way below its 52-week high of $319.32 and way higher than its 52-week low of $169.95.
Alibaba’s Moving Average
Alibaba’s value is above its 50-day moving average of $248.17 and below its 200-day moving average of $268.44.
Previous days news about Alibaba
World’s rich fled Alibaba following monopoly probe, citi says. According to Bloomberg Quint on Tuesday, 19 January, "Once hailed as drivers of economic prosperity and symbols of the country’s technological prowess, Alibaba and rivals including Tencent Holdings Ltd. "