Mix Sector Stock In Focus: Alibaba Group Holding Limited (NYSE:BABA), Pepsico, Inc. (NYSE:PEP), Celestica Inc. (NYSE:CLS)

April 25, 2023 11:37 pm3 commentsViews: 58

Alibaba Group Holding Limited (NYSE:BABA) [Trend Analysis] moved up in previous session as it health and movie units increased in Hong Kong trading, bouncing back following days of trading declines as volatility has moved up in Chinese stocks. Alibaba Health Information Technology Ltd. rose as much as 39 percent and Alibaba Pictures Group Ltd. added as much as 48 percent on the Hong Kong stock exchange. The health-care company’s stock is still about 55 percent below its April peak, while Alibaba Pictures remains 47 percent lower than its highest level that month. China’s stocks rose today as the government has sought to shore up investor confidence. The market has lost $3.9 trillion in less than a month. Alibaba Health sells over-the-counter health-care products online, while Alibaba Pictures has been expanding in the movie industry. Alibaba Group Holding Limited (NYSE:BABA) stock has highest price of $81.19 in last session, beginning with a price of $80.87 and reported a gain of 1.41% to close at $79.04 with a day range of $79.04-$81.19.

Food and beverage giant, Pepsico, Inc. (NYSE:PEP) revealed that it hired executive VP and CFO Hugh Johnston to the additional role of vice chairman. Johnston will maintain to serve as CFO, as well as oversee the Quaker Foods North America business and PepsiCo’s worldwide e-commerce organization. As well, he will now have responsibility for the company’s global business and information solutions function, which provides information technology systems and solutions across PepsiCo. Johnston, a 25-year PepsiCo veteran, has served as the company’s CFO since 2010. Shares of Pepsico, Inc. (NYSE:PEP) traded at $94.59 by moving down -1.07% with price volatility of 1.66% for a week and 1.13% for a month. Its beta stands at 0.40 times.

Celestica Inc. (NYSE:CLS) revealed that it has Robert Mionis as president, CEO and member of the board, effective August 1. Mionis will succeed Craig Muhlhauser, who previously declared his intention to retire from the company. Muhlhauser will remain with Celestica as an advisor to the board until the end of 2015. Mionis has over 25 years of senior leadership experience across a range of industries, including the aerospace, industrial and semiconductor markets. Celestica Inc. (NYSE:CLS) stock hit highest price at $11.64, beginning with a price of $11.46 and reported a loss of -0.26% to close at $11.31 with a day range of $11.29-$11.64. The total market capitalization remained 1.91 Billion.


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