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Alibaba Stock Falls At Session Start On Monday, Underperforms Market

Via News Editorial Team

November 30, 2020

Alibaba Stock Falls At Session Start On Monday, Underperforms Market

Shares of Alibaba slid 3.98% to $265.48 at 09:54 EST on Monday, following yesterday's downward trend. The New York Stock Exchange is rising 0.05% to $14,198.50, following yesterday's upward trend, on what up to now seems, a somewhat positive trend exchanging session today.

Alibaba's last close was $277.72, 20.28% under its 52-week high of $319.32.

Alibaba's sales growth is 61.6% for the present quarter and 65.6% for the next. The company's growth estimates for the present quarter is a negative 82% and positive 54.2% for the next.

Alibaba's stock is valued at $265.48 at 09:54 EST, way under its 52-week high of $319.32 and way above its 52-week low of $169.95.

Alibaba's value is below its 50-day moving average of $290.54 and higher than its 200-day moving average of $258.53.