why is alibaba stock down reddit

This is doomed to lose market to competitors. Answer 1 of 9.

Wish Stock Surges After Renewed Wallstreetbets Attention Nasdaq Wish Seeking Alpha

On reddit it is mostly bearish sentiment.

. Press J to jump to the feed. Why Alibaba Was Rising Today on a Terrible Day for the Markets. Why BABA Stock Represents Value.

Jim Cramer Says Wells Fargo Is The Number One Big Bank Stock To Own This Year. I just answered a similar question for another Quora user. BABA and Tencent OTCPKTCEHY accounting for a combined 12 trillion in losses from their peaks.

Shares of Alibaba NYSE. Charlie Mungers companys big investment in Alibaba along with a broader stabilization in Chinese tech. Ill just copy and paste the answer here.

However traders need positive catalysts in. At its lows the stock was down almost 34. Shares are technically in a bear market since BABA stock is down by more than 20.

According to the data from Fintel BABA stock had a short volume ratio of 125 percent on June 25 which. Jack ma doesnt even hold a large stake in BABA anymore and hasnt been the CEO for years now. Hi friends The Alibaba stock fell sharply today by nearly 10 erasing most of these past few weeks gains.

Alibaba stock short squeeze. The stock was initially priced at 88 a. Wells Fargo reported fourth-quarter earnings of 138 per share which beat the estimate of 112 per share.

It seems to be connected to an affiliate companys Ant Group. Based on CCP uncertainty it is not a buy and there is looming danger of further institutional unloading. Aliexpress is the worst online shopping experience on the internet their rules favor merchants over buyers.

While it has come off the lows its still down almost 30 percent in 2021. Why Alibaba Stock Is Falling Today. Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks.

In a shortened session Alibaba stock closed down 134 wiping off approximately 100 billion from its market cap. Alibaba may seem undervalued considering the current prices within the overall stock market. On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session.

Alibaba main B2B site is absolute garbage. Press question mark to learn the rest of the keyboard shortcuts. Chinese equities have lost more than 2 trillion in market value this year with Alibaba NYSE.

Alibaba has been an expensive stock for years A stocks past price movement can bait investors into thinking that a stock is expensive or inexpensive. The company reported quarterly revenue of 2086 billion which came in well above the estimate of 1878 billion. I once considered Alibaba BABA-485 an undervalued growth stock.

That all sounds quite scary but. There are some interesting bullish and bearish takes on baba on seeking alpha. I think its a short term opportunity to buy the stock.

In other words the stock is down 30 this. As a result most Chinese tech stocks were down today with Alibaba off 37 as of 316 pm. April 6 2022.

As most BABA followers know the last two weeks of BABA have been brutal for Alibabas share prices. Many investors wonder if the. The Chinese government is a monopoly that would.

Shares of Alibaba are currently trading at less than 20 forward PE which is cheap for a company of this scale in todays market. Alibaba went public in September 2014 and it remained a solid growth stock over the next six years. A broader market decline on.

EDT and Didi 49 lower. BABA are down around 2 today after a Citi analyst cut her price target. Retail market share has shrunk from 75 about 5 years ago to 50 currently.

Just a year ago BABA stock was trading at more than 300 per share as the Chinese e-commerce powerhouse was flying high. Then came a series of problems and misfortunes that dropped shares all the. However we seem to life in times where a PE ratio of 27 of a.

Failure to successfully launch its IPO promised to be the largest in history. It still trades at just 21 times forward earnings and analysts expect. Based on its fundamentals it is very undervalued and is a resounding buy.

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 is becoming one of the most talked about stocks on WallStreetBets. Lets get the big picture.

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