Alibaba Group Holding Limited (BABA) : Net money flow in Alibaba Group Holding Limited (BABA) was negative ($12.23 million) and the inflow of money on uptick was $257.97 million, whereas, the outflow of money on downticks amounted to $270.2 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.95. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $12.4 million. On the other hand, the total value of block trades done on downticks was $39.42 million. The ratio of uptick to downtick block trades was 0.31. The money flow in block trades was negative ($27.03). Alibaba Group Holding Limited (BABA) gained $1.12 cent during the day and reached $96, a gain of 1.18% over the previous day.
Also, In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on Alibaba Group Holding Limited (NYSE:BABA). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $104 per share to $120 per share. The rating by the firm was issued on August 12, 2016.
Shares of Alibaba Group Holding Limited rose by 0.22% in the last five trading days and 13.82% for the last 4 weeks. Alibaba Group Holding Limited is up 25.18% in the last 3-month period. Year-to-Date the stock performance stands at 18.12%.
Alibaba Group Holding Limited (NYSE:BABA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $95.35 and $95.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $96.00, notching a gain of 1.18% for the day. The total traded volume was 13,994,246 . The stock had closed at $94.88 on the previous day.
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).