Alibaba Group Holding Limited (BABA) : Traders are bullish on Alibaba Group Holding Limited (BABA) as it has outperformed the S&P 500 by a wide margin of 1.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.86% in the last 1 week, and is up 5.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.15% and the 50-Day Moving Average is 3.49%.
Alibaba Group Holding Limited (NYSE:BABA): The stock opened at $81.78 on Friday but the bulls could not build on the opening and the stock topped out at $82.49 for the day. The stock traded down to $80.97 during the day, due to lack of any buying support eventually closed down at $81.25 with a loss of -0.60% for the day. The stock had closed at $81.74 on the previous day. The total traded volume was 8,919,868 shares.
Institutional Investors own 25.86% of Alibaba Group Holding Limited shares.
Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).