Shares of Alibaba rose 7.23% to $238.43 at 14:45 EST on Tuesday, following last session’s upward trend. NYSE Composite is dropping 0.04% to $14,400.12, following last session’s upward trend, This seems, as yet, a somewhat rough trend exchanging session today.
Alibaba’s last close was $222.36, 33.93% below its 52-week high of $319.32.
News about Alibaba today
Alibaba regulatory woes A 'nirvana set up' for faang stocks, says analyst. According to today’s article on Business Insider, "However, the delayed Ant IPO and the "regulatory crackdown" on the Chinese tech sector have delivered a major "black eye," as per the analyst - casting a "shadow over the space with Alibaba front and center."", "KeyBanc Capital Markets analyst Hans Chung said recently that Pinduoduo Inc (NASDAQ:PDD) and JD.com are likely to bethe primary and secondary beneficiaries of the Chinese regulatory investigation into Jack Ma-founded Alibaba."
Alibaba’s sales growth is 62.8% for the present quarter and 66.8% for the next. The company’s growth estimates for the present quarter is a negative 81.8% and positive 55% for the next.
Alibaba’s last day, last week, and last month’s average volatility was a positive 0.16%, a negative 3.35%, and a negative 1.12%, respectively.
Alibaba’s last day, last week, and last month’s high and low average amplitude percentage was 4.49%, 3.75%, and 2.21%, respectively.
Alibaba’s Stock Yearly Top and Bottom Value
Alibaba’s stock is valued at $238.43 at 14:45 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 under its 50-day moving average of $262.18 and way under its 200-day moving average of $266.62.
Previous days news about Alibaba
Barron's post-Christmas picks and pans: Alibaba, Apple, Intel, pool, yelp and more. According to Business Insider on Sun Dec 27, "In "China’s Crackdown on Alibaba Probably Won’t Stop There," Al Root and Liz Moyer point out that Beijing is targeting e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) and its co-founder. "
Alibaba hikes share buyback plan to $10 billion from $6 billion. According to Bloomberg Quint on Mon Dec 28, "Alibaba Group Holding Ltd. ", "Alibaba’s stock is down roughly 30% from its 2020 peak, battered by deepening scrutiny of the giant Chinese internet sector and alleged monopolistic practices at the crown jewel of billionaire Jack Ma’s internet empire. "
Alibaba upsizes share repurchase program to $10 bln. According to Business Insider on Mon Dec 28, "Meanwhile, Zhejiang Provincial Administration for Market Regulation reportedly said the antitrust probe into Alibaba Group has concluded. ", "Alibaba Group Holding Limited (BABA) said that its board has authorized to upsize the company’s share repurchase program to $10 billion from $6 billion. "
China online education startup draws Alibaba in $1.6 billion funding round. According to Bloomberg Quint on Mon Dec 28, "Chinese online education startup Zuoyebang raised $1.6 billion in a funding round that attracted Chinese e-commerce giant Alibaba Group Holding Ltd. "
Alibaba shares tumble again after Chinese regulators tighten screws on ant group. According to The Wall Street Journal on Mon Dec 28, "The declines extended a stock selloff on Christmas Eve, taking Alibaba’s market capitalization down to $586 billion. ", "Just two months earlier, it had hit a record of nearly $859 billion on expectations that Alibaba would profit handsomely from Ant’s public listing."
Alibaba, astrazeneca: what to watch when the stock market opens today. According to The Wall Street Journal on Mon Dec 28, "Hong Kong-listed shares in Alibaba Group Holding tumbled 8% Monday.", "Alibaba, the e-commerce giant Mr. Ma co-founded, owns a third of Ant. "