why is alibaba stock down reddit

Many investors wonder if the. As most BABA followers know the last two weeks of BABA have been brutal for Alibabas share prices.

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That all sounds quite scary but.

. So far in 2021 BABA stock is down around 30. Alibaba Group Holding Ltd. In a shortened session Alibaba stock closed down 134 wiping off approximately 100 billion from its market cap.

Shares are technically in a bear market since BABA stock is down by more than 20. Why BABA Stock Represents Value. Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks.

The fascinating part about Alibabas troubled year is that it has little to do with the actual business. First lets take a look at how we got here. As of today Alibaba stock is down 20 in the past 1 month.

Press question mark to learn the rest of the keyboard shortcuts. The Chinese crackdown on Alibaba NYSE. BABA reported revenue of 42 billion for its fiscal third quarter ending December 2014.

Alibaba is becoming one of the most talked about stocks on WallStreetBets. Analysts had predicted revenue of 445 billion. August 23 2021.

Alibaba Stock Double Down Why I Doubled Down on Alibaba Stock -. Why Alibaba sank in the first place. Alibaba Group NYSEBABA Shares Gap Down to 7776.

It is the dominant e. While it has come off the lows its still down almost 30 percent in 2021. At its lows the stock was down almost 34.

Alibaba is much larger than Amazon in terms of market share yet the value of its stock is dramatically lower than Amazons by a factor of ten. But why did the market only react now. Why Alibaba Stock Is Falling Today.

Audiences including investors have been trained over the. I wouldnt have guessed a mega cap stock would take such a hit. As we all knew about alibaba and about China the government is always regulating technological companies.

However alibaba operates in the Chinese market which everyone agrees is a much less mature and much less transparent market than the US financial market. 26 members in the mikew_reddit_finance community. Redbox CFO Steps Down Amid RDBX Stock Short Squeeze.

BABA stock and other big tech stocks has chilled Wall Street but US. Posted by 5 minutes ago. BABA Stock Falls as China Cracks Down.

However we seem to life in times where a PE ratio of 27 of a. Jack ma doesnt even hold a large stake in BABA anymore and hasnt been the CEO for years now. Heres When to Make Your Move With Weakened Alibaba Stock - Read more on PipPost.

However traders need positive catalysts in. Chinese tech stocks have sold off more than US. Charlie Mungers companys big investment in Alibaba along with a broader stabilization in Chinese tech.

Stocks did during the COVID crash. BABA stock is impaired by control from government. Shark Tank investor Kevin OLeary says the rout in Chinese tech stocks like Alibaba is a good buying opportunity.

On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session. As a result most Chinese tech stocks were down today with Alibaba off 37 as of 316 pm. It could be a huge opportunity.

Analysts had predicted. Reddit iOS Reddit Android Rereddit Communities About. 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 went public in September 2014 and it remained a solid growth stock over the next six years. Press J to jump to the feed. The stock was initially priced at 88 a.

EDT and Didi 49 lower. Heres When to Make Your Move With Weakened Alibaba Stock - Read more on PipPost. Alibaba may seem undervalued considering the current prices within the overall stock market.

Beijing is undergoing a campaign to crack down on excesses in its tech sector. There may be some swing-trade profit to be made once it finds a mean value but only if you can time noise right. Shares of Alibaba are currently trading at less than 20 forward PE which is cheap for a company of this scale in todays market.

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