why is alibaba stock down reddit

Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks. Alibaba Group Holding Ltd.

Alibaba Stock Baba

The stock has also been getting attention from Reddits WallStreetBets forum and investors are showing optimism in light of signs of a thaw in.

. BABA reported revenue of 42 billion for its. So far in 2021 BABA stock is down around 30. Jack ma doesnt even hold a large stake in BABA anymore and hasnt been the CEO for years now.

Stocks did during the COVID crash. Stocks are down broadly as Japan reinstituted a state of emergency over COVID-19 ahead of the Olympics. 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.

And the daily journal sold 50 of its Alibaba position. In my last video on BABA I used some pretty high Profit and FCF Margins. As most BABA followers know the last two weeks of BABA have been brutal for Alibabas share prices.

Jim Cramer Says Wells Fargo Is The Number One Big Bank Stock To Own This Year. It seems to be connected to an affiliate companys Ant Group. You see the main culprit today is a slight revenue miss.

Wells Fargo reported fourth-quarter earnings of 138 per share which beat the estimate of 112 per share. Most of Alibabas decline can be attributed to Chinas antitrust probe of the company which started last December and concluded this April with a record 1823 billion yuan 282 billion fine and. Alibaba Stock Is Moving Lower As Regulatory Risks Increase Shares of Alibaba found themselves under pressure after a Wall Street Journal report suggested that Chinas regulators were ready to.

The fall of Alibaba shares during the March 10 trading session is a reflection of broad Chinese market weakness. The iShares MSCI China ETF MCHI - Get iShares MSCI China ETF Report fell nearly. It could be a huge opportunity.

In fact Alibaba stock dipped as much as 11 this morning. BABA Stock Falls as China Cracks Down. In a shortened session Alibaba stock closed down 134 wiping off approximately 100 billion from its market cap.

Chinese tech stocks have sold off more than US. Audiences including investors have been trained over the. While it has come off the lows its still down almost 30 percent in 2021.

Alibaba has been sliding all week but the sell-off seems to have accelerated today as US. There may be some swing-trade profit to be made once it finds a mean value but only if you can time noise right. The company reported quarterly revenue of 2086 billion which came in well above the estimate of 1878 billion.

Alibaba may seem undervalued considering the current prices within the overall stock market. Its core commerce revenue rose 35 in fiscal 2020 which ended last March and accounted for 86 of its top line. But people seem to disagree and I do understand why the margin perhaps wont recover.

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. August 23 2021. Beijing is undergoing a campaign to crack down on excesses in its tech sector.

Its also trading back down to. However we seem to life in times where a PE ratio of 27 of a. Us says speculation on Chinese listings premature.

Alibaba stock is trading above its pre-coronavirus high from January 2020 which was also its all-time high prior to the summer rally. Alibaba stocks steep decline started last December when Chinas SAMR State Administration for Market Regulation launched an antitrust probe into its e-commerce business. I thought their margins would return to normal.

In this video I go over why this doesnt matternothing has changed. BABA stock is impaired by control from government. Alibabas core commerce business is still growing at a healthy clip.

Why Shares of Alibaba Didi and TAL Education Group Are Rising Today. The Chinese crackdown on Alibaba NYSE. Failure to successfully launch its IPO promised to be the largest in history.

First lets take a look at how we got here. BABA stock and other big tech stocks has chilled Wall Street but US. Many investors wonder if the.

That probe concluded in.

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