Large Outflow of Money Witnessed in Alibaba Group Holding Limited

Alibaba Group Holding Limited (BABA): The stock had negative money flow to the tune of ($1.69 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $303.5 million, whereas, the outflow of money on downticks was $305.19 million and the ratio between the two was 0.99. The block trade had a negative net money flow of ($7.53 million). The total block trade value undertaken on upticks was $3.27 million. On the other hand, downticks amounted to $10.8 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.3. Alibaba Group Holding Limited (BABA) closed with marginal gains of 57 cents to end the day at $108.83, an increase of 0.53% over the previous days close. The stock recorded 1.04% for the week.

Alibaba

Shares of Alibaba Group Holding Limited rose by 2.59% in the last five trading days and 14.62% for the last 4 weeks. Alibaba Group Holding Limited is up 39.35% in the last 3-month period. Year-to-Date the stock performance stands at 33.81%.

Alibaba Group Holding Limited (BABA) : The consensus on Alibaba Group Holding Limited (BABA) based on 16 analyst recommendation on the company stock is 1.28, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Alibaba Group Holding Limited (NYSE:BABA): The stock opened at $108.44 and touched an intraday high of $109.87 on Wednesday. During the day, the stock corrected to an intraday low of $107.16, however, the bulls stepped in and pushed the price higher to close in the green at $108.75 with a gain of 0.45% for the day. The total traded volume for the day was 16,348,450. The stock had closed at $108.26 in the previous trading session.

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).

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