Alibaba stock price today hit $74

Alibaba stock price today hit $74.88, as traders monitor U.S. inflation data release later today. Options activity shows increased call contract buying at $76 strike, indicating upward price speculation. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 10.08% downward. As of now, Alibaba holds a Zacks Rank of #3 (Hold). Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Alibaba stock price today prints $75.08 during late afternoon trade, benefiting from a rebound in Nasdaq-listed Chinese firms. Correlation coefficients suggest tight alignment between Alibaba’s ADR and HKEX performance.