Why the Alibaba (NYSE: BABA) Stock Price Today Is Climbing

The Alibaba Group Holding Ltd. (NYSE: BABA) stock price today quickly climbed 0.8% to $91.41 around 10:00 a.m. The spike came after the company announced its film unit, Alibaba Pictures Group Ltd., will be raising an additional $1.57 billion. According to The Wall Street Journal , Alibaba Pictures will be selling 4.2 billion new shares to raise the capital. Here's why that move is so important for the company's future, and for the BABA stock price moving forward... Tags: Alibaba Stock , Alibaba stock price , Alibaba stock price today , BABA stock , Baba stock price , BABA stock price today , NYSE: BABA To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why the Alibaba (NYSE: BABA) Stock Price Today Is Climbing appeared first on Money Morning - We Make Investing Profitable .