NYSE Composite opens in less than three hours and Alibaba’s premarket value is already 2.9% down.
The last session, NYSE Composite finished with Alibaba jumping 4.09% to $236.19. NYSE Composite rose 0.25% to $14,966.83, after four sequential sessions in a row of gains, on what was a somewhat positive trend exchanging session.
Alibaba’s last close was $226.90, 35.20% below its 52-week high of $319.32.
Alibaba’s sales growth is 64.5% for the ongoing quarter and 68.7% for the next. The company’s growth estimates for the current quarter is a negative 81.6% and positive 56.5% for the next.
Alibaba’s last day, last week, and last month’s average volatility was a negative 0.31%, a negative 1.00%, and a negative 0.77%, respectively.
Alibaba’s last day, last week, and last month’s high and low average amplitude percentage was 4.48%, 4.26%, and 3.05%, respectively.
Previous days news about Alibaba
China orders local media to censor Alibaba coverage, FT reports. According to Bloomberg Quint on Friday, 8 January, "China has ordered its domestic media to censor reports about an antitrust probe into Alibaba Group Holding Ltd., signaling how the issue has become a matter of national political sensitivity, the Financial Times reported."
Barron's picks and pans: dividend aristocrats, Alibaba, gamestop, Walmart and more. According to Business Insider on Sunday, 10 January, "His Absence Is a Deal Breaker for Alibaba Stock," Jack Hough claims that while internet giant Alibaba Group Holding Ltd (NYSE:BABA) is a fast-growing juggernaut, the risks from a Chinese government crackdown are too great. "