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Alibaba Stock Surges to New Yearly High, Reaches $119.80, Up Over 60% for the Year
Oct 1, 2024, 07:07 PM
Alibaba Group Holding Ltd. ($BABA) has seen a significant surge in its stock price, reaching a new yearly high. As of October 1, 2024, the stock is trading above $110 and has increased by over 60% for the year. In after-hours trading on October 2, the stock reached $119.80, representing a 45% increase over the past month. This marks nearly a 100% increase from the year's lows. The stock is now up +41% for the year, trading in the $116s and surpassing $118 in 24 hours trading.
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