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Where Will Alibaba Group Holding Ltd - ADR (BABA) Stock Go Next After It Is Higher By 6.15% in a Week?

Tuesday, February 27, 2024 12:08 PM | InvestorsObserver Analysts

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Where Will Alibaba Group Holding Ltd - ADR (BABA) Stock Go Next After It Is Higher By 6.15% in a Week?

Overall market sentiment has been high on Alibaba Group Holding Ltd - ADR (BABA) stock lately. BABA receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 higher by 1.48% while the S&P 500 is down -0.02% as of 12:07 PM on Tuesday, Feb 27. BABA is up $1.13 from the previous closing price of $76.51 on volume of 7,473,564 shares. Over the past year the S&P 500 is up 27.28% while BABA is down -13.01%. BABA earned $5.39 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.4.

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.

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