Shares of Alibaba rose 2.58% to $268.05 at 10:21 EST on Thursday, following yesterday’s upward trend. The New York Stock Exchange is jumping 0.29% to $14,188.20, after two consecutive sessions in a row of gains, on what as yet seems, a somewhat positive trend exchanging session today.
Alibaba’s last close was $264.01, 19.13% under its 52-week high of $319.32.
News about Alibaba today
Alibaba cloud revamps its hybrid cloud strategy to accelerate enterprise cloud adoption. According to today’s article on Business Insider, “Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, revamped its hybrid cloud strategy to focus on bringing compatibility, security, compliance, scalability and reliability with its newly upgraded product offerings and its Hybrid Cloud Partner Program.”
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 Top and Bottom Yearly Value
Alibaba’s stock is valued at $268.05 at 10:21 EST, way below its 52-week high of $319.32 and way above its 52-week low of $169.95.
Alibaba’s Moving Average
Alibaba’s worth is below its 50-day moving average of $287.60 and above its 200-day moving average of $260.78.