Hangzhou, the People's Republic of China-based Alibaba Group Holding Ltd's shares rose 0.72%, finishing Monday's trading session at $103.10. A total volume of 9.72 million shares was traded. The stock has advanced 7.51% in the past month, 9.29% over the previous three months, and 17.41% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 8.88% and 12.90%, respectively. Moreover, shares of Alibaba Group Holding, which through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally, have a Relative Strength Index (RSI) of 64.83.
On January 24th, 2017, Alibaba reported that revenue was RMB53,248 million (US$7,669 million) for the quarter ended December 31st, 2016, reflecting an increase of 54% y-o-y. Alibaba's net income was RMB17,157 million (US$2,471 million), income from operations was RMB20,664 million (US$2,976 million) and adjusted EBITDA was RMB27,021 million (US$3,892 million) for the quarter ended December 31st, 2016. The Company's diluted EPS was RMB6.94 (US$1.00) and non-GAAP diluted EPS was RMB9.02 (US$1.30) for the December quarter.
On January 25th, 2017, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $90 a share to $100 a share. See our free and comprehensive research report on BABA at:
On Monday, shares in San Jose, California headquartered eBay Inc. recorded a trading volume of 10.74 million shares, which was above their three months average volume of 10.43 million shares. The stock ended the session 0.48% higher at $33.79. The Company's shares have gained 11.33% in the last one month, 19.99% in the previous three months, and 13.81% on an YTD basis. The stock is trading 11.22% and 17.65% above its 50-day and 200-day moving averages, respectively. Furthermore, shares of eBay, which operates commerce platforms that connect various buyers and sellers worldwide, have an RSI of 74.32.
On January 26th, 2017, research firm Stifel reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $31 a share to $35 a share.
On February 13th, 2017, eBay and aeropost.com announced an extended relationship, under which aeropost.com and eBay will provide customers in Latin America and the Caribbean a unique cross-border shopping experience by allowing them to purchase eBay products on aeropost.com. After finding their requirement on eBay, customers then copy the eBay URL into aeropost.com, which calculates an all-inclusive price that includes the price of the product, shipping, handling, taxes, and fees all rolled into one. Customers make just a single payment to aeropost.com. EBAY free research report PDF is just a click away at:
Shares in Boca Raton, Florida headquartered Office Depot Inc. closed at $4.40, down 1.12% from the last trading session. The stock recorded a trading volume of 3.51 million shares. The Company's shares have gained 4.83% in the previous three months, and are trading 11.86% above their 200-day moving average. Additionally, shares of Office Depot, which together with its subsidiaries, supplies office products and services, have an RSI of 47.28.
On January 30th, 2017, Office Depot announced that its Board of Directors has appointed Gerry P. Smith as the Company's Chief Executive Officer, effective February 27th, 2017. Gerry Smith will succeed current CEO, Roland Smith, who previously announced his intention to retire from the Company. Gerry Smith currently serves as Executive Vice President and Chief Operating Officer at Lenovo Group, a $45 billion leading global technology company. Sign up for your complimentary report on ODP at:
At the closing bell yesterday, shares in Framingham, Massachusetts-based Staples Inc. ended 0.55% higher at $9.20, with a total trading volume of 4.54 million shares. The stock has advanced 8.53% in the previous three months and 1.66% on an YTD basis. The Company's shares are trading above their 200-day moving average by 6.01%. Furthermore, shares of Staples, which together with its subsidiaries, operates office products superstores, have an RSI of 50.08.
On January 24th, 2017, Staples announced that its Board of Directors has elected Robert E. Sulentic to serve as Independent Chairman of the Board effective January 29th, 2017. Sulentic, President and CEO of CBRE Group, Inc., joined the Staples' Board in 2007 and most recently served as Lead Independent Director. Register for free on Stock-Callers.com and download the latest research report on SPLS at:
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