Alibaba’s Stock Surges Past Key Average Amid Market Activity
On Friday, Alibaba Group Holding Ltd. (Symbol: BABA) saw its shares climb above the crucial 200-day moving average of $84.36, reaching as high as $85.59 per share. The stock is currently up approximately 3.3% for the day. Below is a chart illustrating BABA’s one-year stock performance in relation to its 200-day moving average:
Examining the chart, BABA’s share price hit a low of $66.63 within the past 52 weeks, while the high for this period reached $117.82. The last recorded trade was at $84.85, which indicates a significant movement in its stock price.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
