BABA Bullish Calendar Call Spread is Inexpensive at 53 Cents
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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 Hldgs trades on the NYSE stock market under the symbol BABA.
As of September 19, 2024, BABA stock price climbed to $88.49 with 16,511,936 million shares trading.
BABA has a beta of 0.70, meaning it tends to be less sensitive to market movements. BABA has a correlation of 0.10 to the broad based SPY ETF.
BABA has a market cap of $212.10 billion. This is considered a Mega Cap stock.
Last quarter Alibaba Gr Hldgs reported $33 billion in Revenue and $2.26 earnings per share. This fell short of revenue expectation by $-1 billion and exceeded earnings estimates by $.13.
In the last 3 years, BABA stock traded as high as $182.09 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 +2.1%, while SPY returned +29.9%. 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 +18.8% and +7.3%, while SPY returned +4.4% and +3.6%, respectively. This indicates BABA has been having a stronger performance recently.
BABA support price is $82.73 and resistance is $86.11 (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.