why is alibaba stock down reddit

Believe theres also a legislation passed by congress that all foreign stocks listed. Also when looking at Alibaba stock the company trades at a rather modest valuation multiple compared to its peers.

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Shares of Alibaba Group BABA 014 plunged 109 as of 1125 am.

. This comes on the end of a difficult month during which the stock has shed almost 14 of its value. Fears of increased regulations from beijing is whats causing the losses across most us-listed china stocks. For the fiscal third quarter of 2022 Alibaba reported a 10 rise in sales yesterday which nonetheless fell about 800 million short of analyst forecasts.

Obviously this is the result of the massive sell-off we. The stock market isnt going to take too kindly to upcoming. EST on Thursday after the Chinese tech giant reported misses on both the top and bottom lines for its fiscal.

1 day agoHence BABA stock is arguably an unattractive short-term bet especially for those unable to stomach the volatility. The stock shot up 3 two days after Alibaba announced it would be allowing. Its fall really started when Beijing took aim at Alibabas founder Jack Ma.

The freefall of Chinese e-commerce giant. On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session. Shares of Alibaba found themselves under pressure after a Wall Street Journal report suggested that Chinas regulators were ready to impose a record fine on the company for anticompetitive.

In addition to creating Alibaba Ma was head of Ant. So far in 2021 BABA stock is down around 30.

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