Alibaba Group Holding Ltd (NYSE:BABA) instantly attracted many people around the world, through its successful debut in US. After the first few days, the stock price went below $90 per share and was hovering around high 80’s for almost a month. Interestingly, the stock price again went up and crossed the $90 per share on Tuesday. FBN’s Nicole Petallides reported on Fox Business about various stock performances on Tuesday.
Petallides mentioned that NASDAQ stock had a big move on Tuesday, with NASDAQ gaining almost 2.3% on the day. She added that this was the largest gaining day for NASDAQ in 2014. She added that the stocks like Yahoo! Inc. (NASDAQ:YHOO), Hewlett-Packard Company (NYSE:HPQ) and Cisco Systems, Inc. (NASDAQ:CSCO) gained more than 2% on Tuesday.
As Yahoo did, Alibaba Group Holding Ltd (NYSE:BABA) had a very good Tuesday with the stock price increasing from $88.85 to $90.90, which jumped by more than 2%.
“[…] Alibaba $90.92 a share. Of course you know that it had been under pressure. This IPO had so much […] around it on September 19. It was almost at the $100 mark, but it certainly has made its way long back above 10 bucks,” Petallides said about Alibaba Group Holding Ltd (NYSE:BABA).
Alibaba Group Holding Ltd (NYSE:BABA) is making some strides into cloud service, by searching for customers in private and public sector.
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