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Has Alibaba Group Holding (NYSE:BABA) Run Too Far After Its 50% One Year Rally?
If you are wondering whether Alibaba Group Holding is still attractively priced after its recent run, you are not alone. Many investors are asking the same question right now.
At a last close of US$166.51, the stock has returned 1.7% over 7 days, 10.3% over 30 days, 6.9% year to date and 50.1% over 1 year, while the 5 year return sits at a 35.3% decline and the 3 year return is 68.1%.
Recent headlines have focused on Alibaba's position as a major Chinese e commerce and cloud player, as well...