why is alibaba stock down reddit

Friday, October 14, 2022 Edit

Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks. Believe theres also a legislation passed by congress that all foreign stocks listed on the us exchange have to agree to an audit inspection within the next 3 years.

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GME became one of the markets hottest meme stocks last year amid an unprecedented Reddit-driven short squeeze.

. While it has come off the lows its still down almost 30 percent in 2021. Also when looking at Alibaba stock the company trades at a rather modest valuation multiple compared to its peers. Then came a series of problems and.

The stock shot up 3 two days after Alibaba announced it would be allowing. Its stock skyrocketed to a split-adjusted. If such problems emerge Alibaba.

In this light any regulatory problems of other Chinese companies like the Tencent or Baidu may have a negative impact on Alibaba stock. Their market cap is lower than the revnue they will make next year if theh keep up in this pace. 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.

Alibaba stock short squeeze. Just a year ago BABA stock was trading at more than 300 per share as the Chinese e-commerce powerhouse was flying high. This comes on the end of a difficult month during which the stock has shed almost 14 of its value.

On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session. Fears of increased regulations from beijing is whats causing the losses across most us-listed china stocks. BABA is literally the only tech stock that is not over valued.

2 days agoGameStop NYSE. Shares of Alibaba Group Holding BABA 057 a leading tech company in China were sliding this morning on continued investor concerns that strict lockdowns in Shanghai. Obviously this is the result of the massive sell-off we.

The freefall of Chinese e-commerce giant.

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