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However, it also shows that this dip found support at the 50-day moving average and uptrend support (blue line). The ascent has had a few setbacks, but … Stock split should have happened as it was published. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace. Copyright © 2020 InvestorPlace Media, LLC. Prices shown are actual historical values and are not adjusted for either splits or dividends. Copyright © 2020 InvestorPlace Media, LLC. Information contained in this article may contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long-term; pricing pressures; etc. If shareholders approve of the stock split, the Alibaba says that it will occur no later than July 15, 2020. Where is the fed to regulate? 1125 N. Charles St, Baltimore, MD 21201. We have seen a few distribution days crop up over the past two weeks, but so far, the lack of downside follow-through is keeping sellers in check. The rebound in Alibaba (NYSE:BABA) has been choppy, but buyers are prevailing. On November 16, CenturyLink, Inc. (CTL) declared it has been named a leader in the Magic Quadrant for Cloud-Enabled Managed Hosting, Asia Pacific , by industry analyst firm Gartner, Inc. We are happy to be named as a leader in the Magic Quadrant for Cloud-Enabled Managed Hosting, Asia Pacific . With this week’s rally, BABA is testing its January high and provides an easy price level to trade from. I think it was a lie, American companies follow regulations and we believe, Chinese companies are showing the contrary. Alibaba announced last year and have already agreed to an 8:1 stock split. Neither Stocksnewswire.com nor any of Stocksnewswire.com partners make any representation or guarantee as to the fulfillment or precision of the information contained in this article. Volume patterns along the way echo the constructive price signs. Alibaba is well-equipped for the task, though. Alibaba could be at least partially controlled by the Chinese government, which could ultimately lead to its delisting from U.S. stock exchanges (although it still trades in Hong Kong, so investors might be able to trade their stock with a broker that has access there). Set forth below are the voting results on each of the proposals: EXCO’s Board of Directors has elected to defer any decision on whether or not to effect a reverse share split as the Company has regained compliance with the New York Stock Exchange’s continued listing standards. That's not to mention some of the aforementioned political concerns. Exxon Mobil Corporation (NYSE:XOM) Is Climbing Today, Following The Release That Demonstrates Resumed Drilling at Point Thomson. 1125 N. Charles St, Baltimore, MD 21201. But as for the business itself, Alibaba is on a roll. Then buy the Aug $230/$240 bull call spread. The former offers better prices but less confirmation. E-commerce company Alibaba Group Holding Ltd. is looking to sell its stake in China’s leading online provider of movie ticketing, restaurant bookings and other on-demand services as it builds a competing platform of its own, according to people familiar with the situation, according to WSJ. But the stock quickly found its footing and has had no problem moving higher in the weeks since. Been writing about and trading stocks since 2013. That can be seen in the fact that Alibaba reported fiscal 2015 revenue of $12.3 billion shortly after its U.S. IPO. Alibaba Stock Split: What BABA Investors Should Know About the 1-for-8 Proposal, MoneyLine Podcast: Everything You Need to Know to Prepare for Tomorrow’s Election, 8 Ways to Make Money in a Turbulent Market, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Clean Energy Stocks To Watch Ahead Of The U.S. Election, 7 Hot SPAC IPOs to Buy Before Election Day, Fuzzy Panda Research’s Take on Workhorse Group Is Just Silly, 8 Tech Stocks Of Tomorrow Investors Should Buy Today. It says that this will give the company more flexible capital to work with in the future. GLTU, Moving Average Convergence Divergence (MACD). The company reported serving 960 million global consumers last year but plans on reaching 1 billion Chinese consumers alone by 2024. Nasdaq 1125 N. Charles St, Baltimore, MD 21201. The U.S. Senate also recently passed the Holding Foreign Companies Accountable Act, which would delist foreign stocks from American exchanges unless they certify they are not owned or controlled by a foreign government and if the company hasn't allowed the Public Company Accounting Oversight Board (PCAOB) to see their books for three consecutive years. Just yesterday, the Chinese internet giant reached a new post-crash high and came within inches of a record. I don’t understand where is my 8 shares to 1 I was promised ? Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Relative strength and record highs are about as bullish a combo as you’ll find in the field of technical analysis, and it’s why the chart demands spectators either buy the dip or chase the imminent breakout. Please see the "Historical Prices" tab for adjusted price values. Alibaba (NYSE:BABA) stock is up over 140% since making its U.S. debut in late 2014. On the downside, see if Alibaba stock fails to hold the 123.6% extension near $245 and fills the gap from Wednesday. The Alibaba deal could be worth roughly $1 billion, based on the valuations being discussed in Meituan-Dianping’s current fundraising round, the people said. Unlike Alibaba, which made its IPO on the NYSE before making its debut in Hong Kong several years later, Ant Group, the Hangzhou, China, payment-processing-technology provider, will look to IPO in Hong Kong. (MRKR), (ORN), (HLX), (TXMD), 4 Penny Stocks With Unusual Move This Week (ARAY, CREX, ONCY, WKHS), 4 Hot Penny Stocks To Watch This Week (LXRX),(F), (RTIX), (BTG), 3 Top Biotech Penny stocks to Consider in May (AGEN), (DVAX), (VSTM). All rights reserved. The stock split has to take place before July 15th. Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. That rally rather explosively sent Alibaba stock over the prior high (from Monday), with Wednesday’s rally extending even higher. Its shares give investors access to growth in the company, but voting power to influence the company lies with the executive team. The stock split has to take place before July 15th. Revenue for the year rose 35%, including a gain of "only" 22% in the fiscal fourth quarter during the worst of the COVID-19 lockdown. Ambitious indeed. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur. The content included in this article is just for informational purposes only. On the downside, see if Alibaba stock fails to hold the 123.6% extension near $245 and fills the gap from Wednesday. It failed to reach a new high on its most recent upswing, but Wednesday’s selling was contained. On Friday, Shares of Alibaba Group Holding Ltd (NYSE:BABA), gain 2.68% to $79.96.. E-commerce company Alibaba Group Holding Ltd. is looking to sell its stake in China’s leading online provider of movie ticketing, restaurant bookings and other on-demand services as it builds a competing platform of its own, according to people familiar with the situation, according to WSJ “The Hollywood Blockbuster Deal” Goes Live Days From Now…. The 200-, 50- and 20-day moving averages have all buyers swarming at their levels to defend the uptrend. Shares of Centurylink Inc (NYSE:CTL), declined -2.54% to $27.22, during its last trading session. @themotleyfool #stocks $BABA, could be at least partially controlled by the Chinese government, Alibaba Tumbles as China Suspends Ant Group's IPO, Alibaba Aggressively Expands Its Brick-and-Mortar Presence, Alibaba Grabs Majority Stake in Chinese Supermarket Operator With $3.6 Billion Deal, Copyright, Trademark and Patent Information. In fact, the shares are clearing the 123.6% and 138.2% extensions on the day. As of this writing, Tyler didn’t hold positions in any of the aforementioned securities. Square Inc. (NYSE: SQ): What to Keep in Mind? Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF, Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc, S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index, Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin, US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y. Given the risks, it's not a particularly large part of my portfolio, but the potential for further growth is hard to ignore. Source: The thinkorswim® platform from TD Ameritrade, Source: The thinkorswim® platform from TD Ameritrade. The Alibaba stock split would have the company dividing one share into eight shares. Confirmation Entry, Higher Reward: Wait for a push above $231 to confirm the breakout has arrived. Only time will tell which ends up being more valuable. The news, prices, opinions, research, analysis, and other information published in this article are obtained from sources believed to be reliable. What happened to the split? If shareholders approve of the stock split, the Alibaba says that it will occur no later than July 15, 2020.