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Why Alibaba Stock Popped Again Today

TheMotleyFool

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No doubt about it -- this week has been a good one to own stock in Alibaba Group (NYSE: BABA).

So far, Alibaba has benefited from the revelation that Charlie Munger's investment company is buying up shares, as well as a Benchmark note arguing the stock is worth twice what it costs. Today, Alibaba got even more good news (of a sort) when JPMorgan lowered its price target -- but agreed with Benchmark that no matter how you measure it, Alibaba's stock price is still too low.

As of 11:45 a.m. ET, Alibaba shares are up 4.1% on the news, bringing the stock's gains for the week to more than 10%.

Source Fool.com

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