why is alibaba stock down reddit

Tuesday, October 4, 2022 Edit

Alibaba stock short squeeze. Obviously this is the result of the massive sell-off we.

Alibaba Stock Baba

The freefall of Chinese e-commerce giant.

. You see the main culprit today is a slight. Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks. Alibaba stock managed to move away from multi-year lows after Chinas Vice.

It seems to be. Fears of increased regulations from beijing is whats causing the losses across most us-listed china stocks. Also when looking at Alibaba stock the company trades at a rather modest valuation multiple compared to its peers.

Why is Alibaba stock down. While it has come off the lows its still down almost 30 percent in 2021. On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session.

Hi friends The Alibaba stock fell sharply today by nearly 10 erasing most of these past few weeks gains. According to the report Alibaba was one of the companies that was asked to prepare. In fact Alibaba stock dipped as much as 11 this morning.

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. So far in 2021 BABA stock is down around 30.

This comes on the end of a difficult month during which the stock has shed almost 14 of its value. Believe theres also a legislation passed by congress that all foreign stocks listed. 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.

According to the data from Fintel BABA stock had a short volume ratio of 125 percent on June 25 which is the highest in the last 10 days. In addition to creating Alibaba Ma was head of Ant. 30 votes 35 comments.

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