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Alibaba Group Holding Ltd (NYSE:BABA) Cloud submitted his resignation

By on June 25, 2019 0

Min Wanli, the chief machine intelligence scientist at Alibaba Group Holding Ltd (NYSE:BABA) Cloud, has tendered his resignation after six years with the e-commerce giant to set up a venture capital firm, according to a farewell letter obtained by Chinese media. In the letter, Wan revealed that he has created a venture capital firm that seeks to integrate cloud computing and artificial intelligence into the periphery of traditional industries – manufacturing, agriculture, and medical care. The fund, named North Summit Capital, has reportedly received at least $100 million in commitments from various investors, including an investor from the Middle East.

Alibaba Group Holding Ltd (NYSE:BABA), a Services sector firm, traded 18.23 Million shares in last trading session with closing price of $168.10 per share. Company gross margin stands at 45.10% whereas its return on investment (ROI) is 6.50%. Stock value has moved between $129.31 – 205 in last one year. Analyst’s mean target price for Alibaba Group Holding Ltd (NYSE:BABA) is $218.13 while analysts mean recommendation is 1.70. BABA EPS growth this year is 36.20%. 

On last trading day, Pfizer Inc. (NYSE:PFE) shares closed at $43.76 per share. PFE market capitalization is 246587.59 with beta of 0.64. Analyst’s mean target price for Pfizer Inc. (NYSE:PFE) is $45.57 whereas analysts mean recommendation is 2.40. Its weekly performance is 2.05% while year to date (YTD) performance is 0.25%. 

In last session Nova Measuring Instruments Ltd. (NASDAQ:NVMI) traded 279110 shares and was closed at $25.24. Analyst’s mean target price for NVMI is $32.75 while analysts mean recommendation is 1.70. Company is -17.14% away from its 52 week high and is moving 21.17% ahead of its 52 week low. NVMI Gross Margin is 57.30% and its return on assets is 14.50%. Nova Measuring Instruments Ltd. (NASDAQ:NVMI) quarterly performance is 3.23% while its price to sale ratio is 2.84. 

Boot Barn Holdings, Inc. (NYSE:BOOT), a Services sector firm, traded 1.18 Million shares on last trading day with closing price of $35.08 per share. Company gross margin stands at 32.40% whereas its return on investment (ROI) is 12.30%. Stock value has moved between $14.99 – 34.73 in last one year. Analyst’s mean target price for Boot Barn Holdings, Inc. (NYSE:BOOT) is $34.00 while analysts mean recommendation is 1.80. BOOT EPS growth this year is 70.40%. 

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