Alibaba shares continue to rise

Published: 30-Oct-2014
Finance

The company saw two straight days of hitting a closing high following its IPO in September

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Chinese e-commerce company Alibaba Group continued to see its shares rise, after Barclays initiated coverage of the company with an overweight rating and a $107 price target.

On 23 October, the day of Barclays’ coverage, Alibaba shares grew by $2.08, or 2% at $93.71.

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