Alibaba Group Holding Ltd ADR sell FinanceClub_UoM
Start price
06.11.20
/
50%
€244.00
Target price
-
Performance (%)
4.71%
End price
09.11.20
€255.50
Summary
This prediction ended on 09.11.20 with a price of €255.50. With a performance of 4.71%, the SELL prediction by FinanceClub_UoM for Alibaba Group Holding Ltd ADR was trending in the wrong direction FinanceClub_UoM has 50% into this predictionAlibaba Group Holding Limited is a Chinese multinational technology company specializing in e-commerce, retail, Internet and technology. It was founded in 1999 by Jack Ma and is headquartered in Hangzhou, China. Alibaba operates through various segments, including e-commerce, cloud computing, digital media, and entertainment, as well as innovation initiatives and other ancillary businesses. Its e-commerce platforms facilitate consumer-to-consumer, business-to-consumer, and business-to-business transactions. The company's initial public offering (IPO) in 2014 was the largest in history, raising $25 billion in capital, and it is currently listed on the New York Stock Exchange under the symbol BABA.
Performance without dividends (%)
| Name | 1w | 1m | 1y | 3y |
|---|---|---|---|---|
| Alibaba Group Holding Ltd ADR | 8.217% | 8.217% | -11.309% | -63.589% |
| iShares Core DAX® | 1.804% | -0.748% | 13.168% | 16.408% |
| iShares Nasdaq 100 | -0.182% | -3.412% | 39.976% | 43.502% |
| iShares Nikkei 225® | 0.413% | -7.381% | 18.776% | 2.874% |
| iShares S&P 500 | 0.664% | -1.941% | 28.141% | 42.155% |
Comments by FinanceClub_UoM for this prediction
In the thread Alibaba Group Holding Ltd ADR diskutieren
There was a week full of news and developments for Alibaba. The uncertainty about the suspended IPO of Ant Financial’s (Alibaba’s affiliate) combined with the concerns of the slower sales growth reversed the strong overall bullish trend of Alibaba’s stock, pushing the stock edging lower. Moreover, Alibaba’s revenues fell short of Wall-Street’s expectations of around $400 million.
For a daily investment approach, as analysts, we suggest a Strong Sell position due to the technical indicators shows a strong sell signal, and the moving averages state a sell signal. For an investment with a weekly or monthly duration, we can not say anything because of the rapid developments all over the world.
For a daily investment approach, as analysts, we suggest a Strong Sell position due to the technical indicators shows a strong sell signal, and the moving averages state a sell signal. For an investment with a weekly or monthly duration, we can not say anything because of the rapid developments all over the world.
In the thread Trading Alibaba Group Holding Ltd ADR
News
Alibaba Group Holdings Ltd ADR (BABA) Technical Outlook
There was a week full of news and developments for Alibaba. The uncertainty about the suspended IPO of Ant Financial’s (Alibaba’s affiliate) combined with the concerns of the slower sales growth
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