As this happened, Bernstein upgraded its Alibaba Group Holding Ltd ADR [BABA] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in late February from “a Mkt perform” to “an Outperform”. Morgan Stanley also remained covering BABA and has increased its forecast on February 24, 2025 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Macquarie revised its rating on October 07, 2024. It rated BABA as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of BABA
On Tuesday, Alibaba Group Holding Ltd ADR [NYSE:BABA] saw its stock fall -1.48% to $112.28. Over the last five days, the stock has gained 12.99%. Alibaba Group Holding Ltd ADR shares have risen nearly 32.42% since the year began. Nevertheless, the stocks have risen 58.84% over the past one year. While a 52-week high of $148.43 was reached on 03/17/25, a 52-week low of $67.78 was recorded on 01/13/25. SMA at 50 days reached $126.56, while 200 days put it at $97.64.
Levels Of Support And Resistance For BABA Stock
The 24-hour chart illustrates a support level at 111.17, which if violated will result in even more drops to 110.05. On the upside, there is a resistance level at 113.70. A further resistance level may holdings at 115.11. The Relative Strength Index (RSI) on the 14-day chart is 41.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.65%. Stochastics %K at 37.09% indicates the stock is a holding.
How much short interest is there in Alibaba Group Holding Ltd ADR?
A steep rise in short interest was recorded in Alibaba Group Holding Ltd ADR stocks on 2025-03-31, dropping by -3.4 million shares to a total of 46.21 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 49.61 million shares. There was a decline of -7.37%, which implies that there is a negative sentiment for the stock.
