9-May-2024
Alibaba Cloud unveils latest version of large language model amid robust AI demand
Seeking Alpha News (Thu, 9-May 4:12 AM ET)
IBKR says investors poured into Starbucks stock, sold Apple shares in weekly moves
Seeking Alpha News (Tue, 7-May 1:58 PM ET)
Shein beefing up forced labor compliance to appease U.S. regulators - report
Seeking Alpha News (Tue, 7-May 12:01 PM ET)
Chinese tech stocks dip amid earnings of US cloud software companies
Seeking Alpha News (Tue, 7-May 11:20 AM ET)
TipRanks (Tue, 7-May 8:20 AM ET)
BABA Bullish Calendar Call Spread is Inexpensive at 64 Cents
Market Chameleon (Wed, 1-May 4:07 PM ET)
Alibaba Group Will Announce March Quarter 2024 and Full Fiscal Year 2024 Results on May 14, 2024
Business Wire (Tue, 30-Apr 5:00 AM ET)
BABA Bullish Calendar Call Spread is Inexpensive at 71 Cents
Market Chameleon (Fri, 26-Apr 9:53 AM ET)
BABA Bullish Calendar Call Spread Appears to be a Steal at 67 Cents
Market Chameleon (Tue, 23-Apr 11:15 AM ET)
Alibaba.com Unveils Affordable, Customizable Logistics Solutions for U.S. SMEs
PRNewswire (Wed, 17-Apr 10:00 AM ET)
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.
Alibaba Gr Holding trades on the NYSE stock market under the symbol BABA.
As of May 9, 2024, BABA stock price climbed to $79.46 with 8,672,954 million shares trading.
BABA has a beta of 0.91, meaning it tends to be less sensitive to market movements. BABA has a correlation of 0.13 to the broad based SPY ETF.
BABA has a market cap of $193.38 billion. This is considered a Large Cap stock.
Last quarter Alibaba Gr Holding reported $37 billion in Revenue and $2.67 earnings per share. This fell short of revenue expectation by $-71 million and missed earnings estimates by -$.02.
In the last 3 years, BABA stock traded as high as $230.89 and as low as $58.01.
The top ETF exchange traded funds that BABA belongs to (by Net Assets): AVEM, AIQ, XNTK, PNQI, PGJ.
BABA stock has underperformed the market in the last year with a return of -4.5%, while SPY returned +27.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BABA shares. However, BABA has outperformed the market in the last 3 month and 2 week periods, returning +12.3% and +6.5%, while SPY returned +4.7% and +2.9%, respectively. This indicates BABA has been having a stronger performance recently.
BABA support price is $76.96 and resistance is $79.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BABA stock will trade within this expected range on the day.