Company Shares of Alibaba Group Holding Limited Rally 1.42%

Stocks of Alibaba Group Holding Limited (NYSE:BABA) rallied by 1.42% during the past week but lost 2.27% on a 4-week basis. The company has outperformed the S&P 500 by 2.64% in the past week but underperformed the index by 3.16% in the last 4 weeks.

Alibaba Group Holding Limited (NYSE:BABA): The stock opened at $78.45 on Friday but the bulls could not build on the opening and the stock topped out at $78.45 for the day. The stock traded down to $76.48 during the day, due to lack of any buying support eventually closed down at $77.00 with a loss of -1.62% for the day. The stock had closed at $78.27 on the previous day. The total traded volume was 15,582,575 shares.

The company shares have dropped -10.13% from its 1 Year high price. On Nov 5, 2015, the shares registered one year high at $86.42 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $78.14 and the 200 Day Moving Average price is recorded at $75.61.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Credit Suisse maintains its ratings on Alibaba Group Holding Limited (NYSE:BABA). In the latest research report, Credit Suisse raises the target price from $96 per share to $100 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on May 6, 2016. Institutional Investors own 25.49% 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 ( and the online business-to-business marketplace that focuses on global trade among businesses from around the world (

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