Shares of Alibaba dropped 2.67% to $232.04 at 15:46 EST on Thursday, after three successive sessions in a row of gains. NYSE Composite is rising 0.2% to $14,506.57, following last session’s upward trend, This seems, at the moment, a somewhat positive trend exchanging session today.
Alibaba’s last close was $238.39, 37.61% below its 52-week high of $319.32.
Alibaba’s sales growth is 63% for the ongoing quarter and 67.1% for the next. The company’s growth estimates for the ongoing quarter is a negative 81.8% and positive 55.7% for the next.
Alibaba’s last day, last week, and last month’s average volatility was a positive 0.90%, a negative 1.59%, and a negative 0.52%, respectively.
Alibaba’s last day, last week, and last month’s high and low average amplitude percentage was 3.72%, 4.63%, and 2.41%, respectively.
Alibaba’s Stock Yearly Top and Bottom Value
Alibaba’s stock is valued at $232.04 at 15:46 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 way below its 50-day moving average of $259.76 and way under its 200-day moving average of $266.55.
Previous days news about Alibaba
Alibaba upsizes share repurchase program to $10 bln. According to Business Insider on Monday, 28 December, "Meanwhile, Zhejiang Provincial Administration for Market Regulation reportedly said the antitrust probe into Alibaba Group has concluded. ", "The Chinese Government agency on December 24 launched a probe into Alibaba Group for alleged monopoly behaviors and collected relevant evidences."
China online education startup draws Alibaba in $1.6 billion funding round. According to Bloomberg Quint on Monday, 28 December, "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 Monday, 28 December, "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.", "Last Thursday, the country’s top commerce regulator said it is investigating whether Alibaba abused its dominant market position in online retailing through activities such as making merchants sell products exclusively on its platforms."
Alibaba, astrazeneca: what to watch when the stock market opens today. According to The Wall Street Journal on Monday, 28 December, "-U.S.-listed shares of Alibaba Group Holding fell 1.6% ahead of the New York open after Chinese financial regulators moved to rein in Ant Group, the financial-technology giant controlled by billionaire Jack Ma. "
Alibaba regulatory woes A 'nirvana set up' for faang stocks, says analyst. According to Business Insider on Tuesday, 29 December, "The regulatory crackdown on Chinese "tech stalwarts" such as Alibaba Group Holding Ltd (NYSE:BABA) is favorable for the so-called FAANG stocks, according to Wedbush analyst Daniel Ives.", "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."
China fines Alibaba, JD.com, vipshop over pricing complaints. According to The Wall Street Journal on Wednesday, 30 December, "China has fined operators of three major e-commerce platforms, including Alibaba Group Holding Ltd. "