why is alibaba stock down reddit
Because the rest of market is in self off and i can find better opportunities in the us market. Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks.
Alibaba Stock Baba
The stock was initially priced at 88 a.
. The decline in Alibaba shares isnt necessarily some fluke that investors should rush to buy. Why Alibaba Stock Is Falling Today. BABA stock and other big tech stocks has chilled Wall Street but US.
Its valuation has been in a multi-year downward pattern because the stock was overvalued. As a result most Chinese tech stocks were down today with Alibaba off 37 as of 316 pm. However traders need positive catalysts in.
The Chinese crackdown on Alibaba NYSE. Audiences including investors have been trained over the. However we seem to life in times where a PE ratio of 27 of a.
BABA stock is impaired by control from government. It seems to be connected to an affiliate companys Ant Group. Alibaba is becoming one of the most talked about stocks on WallStreetBets.
Alibabas Q2 revenue climbed 10 year-over-year to 221 billion Chinese yuan. Many investors wonder if the. Shares of Alibaba NYSE.
BABA are down around 2 today after a Citi analyst cut her price target. Based on its fundamentals it is very undervalued and is a resounding buy. On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session.
Alibaba went public in September 2014 and it remained a solid growth stock over the next six years. On reddit it is mostly bearish sentiment. While it has come off the lows its still down almost 30 percent in 2021.
Shares are technically in a bear market since BABA stock is down by more than 20. Why BABA Stock Represents Value. It still trades at just 21 times forward earnings and analysts expect.
Charlie Mungers companys big investment in Alibaba along with a broader stabilization in Chinese tech. Recovering from a three-day sell-off shares of Chinese e-commerce giant Alibaba Group Holding Limited BABA -032 stock bounced back on Thursday and are up 72 as of 1111 am. As we all knew about alibaba and about China the government is always regulating technological companies.
Failure to successfully launch its IPO promised to be the largest in history. EDT and Didi 49 lower. There may be some swing-trade profit to be made once it finds a mean value but only if you can time noise right.
I think Alibaba as a company is still undervalued but not in relative basis. Alibaba may seem undervalued considering the current prices within the overall stock market. As most BABA followers know the last two weeks of BABA have been brutal for Alibabas share prices.
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 China. At its lows the stock was down almost 34. April 6 2022.
In a shortened session Alibaba stock closed down 134 wiping off approximately 100 billion from its market cap. That all sounds quite scary but. Hi friends The Alibaba stock fell sharply today by nearly 10 erasing most of these past few weeks gains.
I once considered Alibaba BABA-485 an undervalued growth stock. But its bottom line declined meaningfully as the conglomerates earnings per American Depositary Share excluding. Why Alibaba Was Rising Today on a Terrible Day for the Markets.
Then came a series of problems and misfortunes that dropped shares all the. There are some interesting bullish and bearish takes on baba on seeking alpha. Jack ma doesnt even hold a large stake in BABA anymore and hasnt been the CEO for years now.
When you have limited capital to deploy you either but. A broader market decline on. Alibaba stock short squeeze.
August 23 2021. According to the data from Fintel BABA stock had a short volume ratio of 125 percent on June 25 which. As of today Alibaba stock is down 20 in the past 1 month.
In Christmas yes Alibaba was undervalued relative to the market but not anymore. I wouldnt have guessed a mega cap stock would take such a hit. Shares of Alibaba are currently trading at less than 20 forward PE which is cheap for a company of this scale in todays market.
But why did the market only react now. Based on CCP uncertainty it is not a buy and there is looming danger of further institutional unloading. Just a year ago BABA stock was trading at more than 300 per share as the Chinese e-commerce powerhouse was flying high.
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