why is alibaba stock down reddit
Its fall really started when Beijing took aim at Alibabas founder Jack Ma. This comes on the end of a difficult month during which the stock has shed almost 14 of its value.
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According to the report Alibaba was one of the companies that was asked to prepare.
. The freefall of Chinese e-commerce giant. AMC Theatres stock sunk nearly 42 percent today down 755 per share. An AMC location in NYC.
On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session. Alibabas market cap has lost over 500 billion since October 2020. The stock shot up 3 two days after Alibaba announced it would be allowing.
Sounds disastrous but AMC did this to themselves. Obviously this is the result of the massive sell-off we saw in 2021. So far in 2021 BABA stock is down around 30.
In addition to creating Alibaba Ma was head of Ant. As of noon ET NetEase shares are down 72 from Fridays close Baidu stock is off 75 and Alibaba is leading the Chinese tech sector lower with a loss of 82. Alibaba stock managed to move away from multi-year lows after Chinas Vice.
Alibaba currently trades at a price.
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