Alibaba Hits New All-Time High After Huge Revenue Growth Projections

Alibaba Group Holding Ltd BABA shares are trading higher by $15.00 (11.6 percent) at $140.64 in Thursday's session.

Before the open, CFO Maggie Wu announced that revenue growth in 2018 will be in the 45-49 percent range.

After much higher open, Alibaba rallied another 34 cents before peaking at $142.85 and reversing course. That was shy of its pre-market high of $143.95.

Profit-takers then came into the stock, nudging it to $135.21, nearly $7.00 above the top of of Wednesday's range ($125.91), then continued its march higher.

As of 2:21 p.m. EST, it has climbed back into the $140.00 handle, but has yet to make a new high for the intra-day session.