Shares of Alibaba jumped 1.55% to $259.06 at 11:14 EST on Wednesday, after three sequential sessions in a row of losses. The New York Stock Exchange is falling 0.04% to $14,396.10, following yesterday’s upward trend, This seems, so far, a somewhat negative trend exchanging session today.
Alibaba’s last close was $255.11, 23.26% below its 52-week high of $319.32.
Alibaba’s sales growth is 62.3% for the current quarter and 66.3% for the next. The company’s growth estimates for the ongoing quarter is a negative 81.9% and positive 55% for the next.
Alibaba’s Stock Top and Bottom Yearly Value
Alibaba’s stock is valued at $259.06 at 11:14 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 below its 50-day moving average of $275.23 and below its 200-day moving average of $264.36.
Previous days news about Alibaba
China fines Alibaba, tencent for flouting rules in past deals. According to Bloomberg Quint on Mon Dec 14, "Alibaba had led a $2.6 billion buyout of Intime as part of efforts to develop new business models that combine e-commerce with brick-and-mortar retailing. ", "China’s antitrust watchdog fined Alibaba Group Holding Ltd. "