Share price of a company can fluctuate significantly over time, but the share price of one of the largest Chinese internet companies is trending higher.
Alibaba has lost more than 70% of its value since it launched in January and is now down more than 50% in value from its peak on Jan. 20.
On Thursday, the stock rose 6.7% on the New York Stock Exchange.
That marked its biggest percentage gain since mid-December.
The stock has since fallen to an all-time low of $9.83 per share on Friday, which is down more from a peak of $13.20.
It has also fallen in price by almost two-thirds since the start of the year.
The drop in the share prices has been significant enough to cause alarm among some analysts.
“We are seeing the stock price drop by more than half its value,” said Peter M. Singer, president of the Investment Research Group at Wedbush Securities.
“The last time I looked, we had it at $12.”
Shares of Alibaba dropped 8% from a year ago, while its total market cap dropped more than 20%.
Shares of Amazon also fell, falling about 11%.
Alibaba stock was trading at $37.78 on Thursday.