Alibaba Group Holding Limited (BABA) has risen sharply, recording gains of 15.25% in the past 4 weeks. However, the stock has corrected -1.86% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 15.49% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 4.74% and the fifty day Moving Average is 12.54%. Alibaba Group Holding Limited is up 17.4% in the last three month period. Year-to-Date the stock performance stands at 16.97%.
Alibaba Group Holding Limited (BABA) : The highest short term price target forecast on Alibaba Group Holding Limited (BABA) is $131 and the lowest target price is $81. A total of 22 equity analysts are currently covering the company. The average price of all the analysts is $104.12 with a standard deviation of $11.93.
Alibaba Group Holding Limited (NYSE:BABA): stock turned positive on Friday. Though the stock opened at $94.15, the bulls momentum made the stock top out at $95.45 level for the day. The stock recorded a low of $94.08 and closed the trading day at $95.06, in the green by 1.19%. The total traded volume for the day was 14,133,920. The stock had closed at $93.94 in the previous days trading.
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).