Shares of Alibaba Group Holding (BABA) are trading 8% higher at a price of $99.845 at the time of this writing. The stock's price action is quickly outperforming it's peers on what is quickly becoming a mildly cheerful day for the Consumer Discretionary sector.


Alibaba Group Holding has been trading between a 52-week high of $182.09 and a 52-week low of $73.28. The stock has a market cap of $264 Billion.

Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.

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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

VisualMod - 8 upvotes - source
#Ban Bet Won --- /u/ShitHoleTrader (3W/3L) made a bet that BABA would go to 100.0 when it was 91.86 and it did, congrats fucker.

BIGPOTHEAD - 6 upvotes - source
For anyone who jumped on my OXY calls this week, BABA is the next play

RichMiserable6093 - 5 upvotes - source
I'm honestly the biggest poosy in the world. Yesterday I was eyeing BABA 100 calls expiring tm. Put in the order...sat on the bid for an entire 2 mins then cancelled it bc the stock started to drop from 95 to 93. I thought "phew! Sure dodged a bullet there bc I would've gotten filled and been in the red now". Had I hit the ask, would've been a cool 10 bagger over night. Smh.

VinnyIrish - 5 upvotes - source
Wish I bought more baba $95 call at open yesterday. Was sitting on support with bullish divergence on the 1 day. That set up never fails.

SnooHesitations4800 - 5 upvotes - source
I’ve built up quite a pain tolerance. When my account was sitting at around 2m, I went incredibly long BABA and watched it go to 1.1m, averaging down the whole way using margin like a degen.

unlimitedquanteasing - 5 upvotes - source
I remember seeing a "Short everything China" on the front page of WSB a couple days ago. That should have been all I needed to go all in on BABA calls.

BIGPOTHEAD - 5 upvotes - source
Holy Shit BABA

hypeaze - 4 upvotes - source
Ali BABA and the 40 thieves doing some heavy lifting today.

SwedishPenguin42 - 4 upvotes - source
$BABA has begun takeoff

LostBull92 - 4 upvotes - source
fuckkkk yeahh BABA making me hard