Should You Buy Alibaba Group Holding Ltd - ADR (BABA) Stock After it Is Lower By 1.81% in a Week?

Alibaba Group Holding Ltd - ADR (BABA) stock is down 1.81% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Alibaba Group Holding Ltd - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BABA!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BABA Stock Today?

Alibaba Group Holding Ltd - ADR (BABA) stock is trading at $72.49 as of 12:35 PM on Thursday, Mar 28, a gain of $0.90, or 1.26% from the previous closing price of $71.59. The stock has traded between $72.06 and $72.59 so far today. Volume today is below average. So far 6,682,023 shares have traded compared to average volume of 14,016,896 shares. To see InvestorsObserver's Sentiment Score for Alibaba Group Holding Ltd - ADR click here.

More About Alibaba Group Holding Ltd - ADR

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume (CNY 7.5 trillion for the fiscal year ended March 2021). It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba's China commerce retail division accounted for 63% of revenue in the September 2021 quarter. Additional revenue sources include China commerce wholesale (2%), international retail/wholesale marketplaces (5%/2%), cloud computing (10%), digital media and entertainment platforms (4%), Cainiao logistics services (5%), and innovation initiatives/other (1%). Click Here to get the full Stock Report for Alibaba Group Holding Ltd - ADR stock.