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Alibaba Group Holding Ltd (NYSE:BABA) announced major upgrades to its Tmall online shopping site

By on June 26, 2019 0

Alibaba Group Holding Ltd (NYSE:BABA) announced major upgrades to its Tmall online shopping site as the e-commerce giant tried to guard its retail supremacy against rivals such as archrival TencentHoldings Ltd. The country’s top business-to-customer site will kick off revamps that will prioritize membership integration across online and offline channels, customize its virtual store front, have daily deals featuring cost-effective offers, and a function to allow the quick setup of online shops by individuals and merchants, company executives told a news conference in Hangzhou.

Alibaba Group Holding Ltd (NYSE:BABA) shares shed -1.37% to finally closed at $165.80 in last active session. 

BABA’s distance from 20 day simple moving average is 4.78% and distance from 50-Day simple moving average is -2.99%.

Analyst’s mean target price for BABA is $218.13 while analysts mean recommendation is 1.70. Stock value has moved between $129.53 – 197.38 in last one year. Stock has got OUTPERFORM rating from 23 of Thomson Reuters analysts, 0 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for BABA is $218.13 while analysts mean recommendation is 1.70. 

Alibaba Group Holding Ltd (NYSE:BABA) yearly performance is -17.92% and net profit margin is 23.20%. Annual EPS Growth of past 5 years is 27.50%. The current share price indicates that stock is -16.41% away from its one year high and is moving 27.76% ahead of its 52-week low. 



On 25 June 2018, Slack Technologies, Inc. (NYSE:WORK) shares went down -1.57% and ultimately finalized to $35.20 in last traded day. Stock has got OUTPERFORM rating from 0 of Thomson Reuters analysts, 1 given HOLD rating to the stock and 0 given UNDERPERFORM rating. 


At the movement Seabridge Gold Inc. (NYSE:SA) is under coverage by number of analysts. Buy rating has been given by 1 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 0 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is -0.05 and their mean rating for the stock is 1.50 on scale of 1-5. Analysts mean target price for SeabridgeGold Inc. (NYSE:SA) is $18.83 while their mean recommendation is 1.70 (1=Buy, 5=sell). 

If we look at stock performance in last active day trading, we see that stock has moved shed -1.94% to end the day at $13.68. The current share price indicate that stock is -10.59% away from its one year high and is moving 31.54% ahead of its 52-week low. 

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