Shares of Consumer Cyclical sector company Alibaba moved 2.7% Friday, and are now trading at a price of $107.4. The large-cap stock's daily volume was 20,946,167 compared to its average volume of 27,133,311. The S&P 500 index returned a 2.3% performance.
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company is based in Hangzhou and has 245,700 full time employees. Its market capitalization is $292,040,998,912.
43 analysts are following Alibaba and have set target prices ranging from $69.28 to $229.62 per share. On average, they have given the company a rating of buy. At today's prices, BABA is trading -22.27% away from its average analyst target price of $138.17 per share.
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