Alibaba Group Holding Ltd ADR’s recently made public that its Director John Michael Evans acquired Company’s shares for reported $135.07 million on May 16 ’25. In the deal valued at $123.46 per share,1,094,074 shares were bought.
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 jump 1.79% to $125.16. Over the last five days, the stock has lost -4.93%. Alibaba Group Holding Ltd ADR shares have risen nearly 47.61% since the year began. Nevertheless, the stocks have risen 45.59% over the past one year. While a 52-week high of $148.43 was reached on 03/17/25, a 52-week low of $71.80 was recorded on 01/13/25. SMA at 50 days reached $124.86, while 200 days put it at $103.12.
Levels Of Support And Resistance For BABA Stock
The 24-hour chart illustrates a support level at 124.47, which if violated will result in even more drops to 123.77. On the upside, there is a resistance level at 125.54. A further resistance level may holdings at 125.91. The Relative Strength Index (RSI) on the 14-day chart is 51.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.72%. Stochastics %K at 33.94% indicates the stock is a holding.
