Here's Why Alibaba, Plug Power And Tesla Are Moving

Benzinga2021-04-12

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature inBenzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.

Here’s the latest analyst rating updates for Alibaba, Plug Power and Tesla.

Alibaba Group Holding Ltd - ADR BABA 0.01% shares are trading higher after the company was fined $2.8 billion by Chinese regulators, which investors speculate may resolve ongoing government investigations into the company.

Alibaba is the world's largest online and mobile commerce company. The company operates China's most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer).

Shares of Alibaba are trading higher by 5.85% at $236.38 in Monday’s premarket session.

Morgan Stanley downgrades Plug Power Inc PLUG from Overweight to Equal-Weight and announces a $35 price target.

Plug Power provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe.

Shares of Plug Power are trading lower by 1.89% at $31.69 in Monday’s pre-market session.

Canaccord Genuity upgrades Tesla Inc TSLA from Hold to Buy and raises the price target from $419 to $1071.

Tesla designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China and internationally.

Shares of Tesla are trading higher by 1.38% at $686.39 in Monday’s pre-market session.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • zero2hero
    2021-04-13
    zero2hero
    Should I buy a couple of alibaba and tesla stock and wait for few yearss?
  • CynDEEEEEE
    2021-04-13
    CynDEEEEEE
    will they continue to grow and hold out in the long run? what do you think?
  • Chewy
    2021-04-12
    Chewy
    Finally!!
  • etf29
    2021-04-12
    etf29
    Tesla to the moon
  • kittydana
    2021-04-12
    kittydana
    cool
  • Yuyu37
    2021-04-12
    Yuyu37
    Go BABA
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