why is alibaba stock down reddit
Alibaba currently trades at a. Then came a series of problems and misfortunes that dropped shares all the.
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From hitting a high of around 317 per share in October 2020 Alibaba shares have plunged to around 135 as of Nov.
. Shares of Alibaba BABA 323 the Chinese tech giant took a dive today in a broad sell-off in Chinese stocks in response to news that Chinese real estate giant Evergrande Group could be forced. The iShares MSCI China ETF MCHI - Get iShares MSCI China ETF Report fell nearly. Alibaba shares have been down by as much as 67 since hitting an all-time high in 2020 but market sentiment is starting to turn positive.
Shares of Alibaba Group Holding BABA 406 slid 24 in afternoon trading Friday as of 1 pm. Shares of Revlon REV. There may be some swing-trade profit to be made once it finds a mean value but only if you can time noise right.
Many investors wonder if the. Since it came out that equivalent to the USAs SEC in China cancelled off the Ant IPO on Xis orders just days ahead of when the IPO was to take place as a way to punishment Jack Ma days after Ma had made statements that pissed off Chinas leader. Alibaba stocks steep decline started last December when Chinas SAMR State Administration for Market Regulation launched an antitrust probe into its e-commerce business.
Alibabas market cap has lost over 500 billion since October 2020. While it has come off the lows its still down almost 30 percent in 2021. On Thursday it sank as much as 9 to an intraday low of 9082.
In a shortened session Alibaba stock closed down 134 wiping off approximately 100 billion from its market cap. Ali baba stock falls sharply today Hi friends The Alibaba stock fell sharply today by nearly 10 erasing most of these past few weeks gains. Alibaba may seem undervalued considering the current prices within the overall stock market.
Shares of Alibaba Group BABA 078 plunged 109 as of 1125 am. Investors seem to be breathing a sigh of relief over a. BABA is Down 9.
BABA is literally the only tech stock that is not over valued. I know there is a tech selloff currently but this in my opinion is just short term noise. As most BABA followers know the last two weeks of BABA have been brutal for Alibabas share prices.
Earlier this week Alibaba stock jumped following news. Alibaba is trading at multi-year lows. I think BABA will be fine.
That probe concluded in. Jack ma doesnt even hold a large stake in BABA anymore and hasnt been the CEO for years now. Press J to jump to the feed.
The fall of Alibaba shares during the March 10 trading session is a reflection of broad Chinese market weakness. Failure to successfully launch its IPO promised to be the largest in history. Reddit Crypto Discussion.
BABA stock is impaired by control from government. Their market cap is lower than the revnue they will make next year if theh keep up in this pace which they have been for the past years when other companies wont even make 110 of their market cap in the next decade this is insane. Shares of Alibaba Group Holding BABA 681 were up nearly 9 as of 130 ET today bouncing off the stocks 52-week lows it hit on Friday.
But why did the market only react now. But after carefully reviewing Alibaba again I. ET after two separate investment banks lowered their price targets on the Chinese e-commerce giant.
Id love to hear your thoughts about this one. It seems to be connected to an affiliate companys Ant Group. EST on Thursday after the Chinese tech giant reported misses on both the top and bottom lines for its fiscal second quarter.
Ines is a stock market. Your Long-Term Investment Goals Are Our Priority. 22 hours agoRevlon the struggling makeup and cosmetics company that filed for bankruptcy last week is the latest meme stock craze among the army of individual investors on Reddit.
Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks. Ad Connect With Edward Jones And Learn More About The Current Market Fluctuations. Press question mark to learn the rest of the keyboard shortcuts.
Just a year ago BABA stock was trading at more than 300 per share as the Chinese e-commerce powerhouse was flying high. And its market-leading positions in Chinas e-commerce and cloud markets also grant it the scale to easily crush its smaller rivals. Obviously this is the result of the massive sell-off we saw in 2021.
However we seem to life in times where a PE ratio of 27 of a. I believe in Alibaba long term and I feel today is a great buying opportunity. BABA is down 28 year-to-date following a decline of 48 in 2021.
I wouldnt have guessed a mega cap stock would take such a hit. 22 hours agoThe price of Alibaba stock is dropping nearly 1 today despite news that Ant Group a company partially owned by the tech firm is close to securing a key license. As we all knew about alibaba and about China the government is always regulating technological companies.
As of today Alibaba stock is down 20 in the past 1 month.
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