why is alibaba stock down reddit

On Thursday it sank as much as 9 to an intraday low of 9082. Alibaba went public in September 2014 and it remained a solid growth stock over the next six years.

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Its not because of shorting.

. Because the rest of market is in self off and i can find better opportunities in the us market. While it has come off the lows its still down almost 30 percent in 2021. Why BABA Stock Represents Value.

I wouldnt have guessed a mega cap stock would take such a hit. Why Alibaba Was Rising Today on a Terrible Day for the Markets. 4 days ago.

As of today Alibaba stock is down 20 in the past 1 month. Its either SoftBank is existing its position or because investors sell for tax reasons which makes perfect sense for me. I once considered Alibaba BABA-485 an undervalued growth stock.

The decline in Alibaba shares isnt necessarily some fluke that investors should rush to buy. According to the data from Fintel BABA stock had a short volume ratio of 125 percent on June 25 which. There may be some swing-trade profit to be made once it finds a mean value but only if you can time noise right.

Shares of Alibaba NYSE. Its valuation has been in a multi-year downward pattern because the stock was overvalued. In a shortened session Alibaba stock closed down 134 wiping off approximately 100 billion from its market cap.

I personally think its the latter. Charlie Mungers companys big investment in Alibaba along with a broader stabilization in Chinese tech. Jack ma doesnt even hold a large stake in BABA anymore and hasnt been the CEO for years now.

Press J to jump to the feed. Just a year ago BABA stock was trading at more than 300 per share as the Chinese e-commerce powerhouse was flying high. However we seem to life in times where a PE ratio of 27 of a.

Alibaba is becoming one of the most talked about stocks on WallStreetBets. A broader market decline on. Press question mark to learn the rest of the keyboard shortcuts.

Alibaba is trading at multi-year lows. Many investors wonder if the. Failure to successfully launch its IPO promised to be the largest in history.

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. August 23 2021. Shares are technically in a bear market since BABA stock is down by more than 20.

Shares of Alibaba are currently trading at less than 20 forward PE which is cheap for a company of this scale in todays market. Then came a series of problems and misfortunes that dropped shares all the. BABA is down 28 year-to-date following a decline of 48 in 2021.

I think Alibaba as a company is still undervalued but not in relative basis. The short interest remains relatively low 171. April 6 2022.

In Christmas yes Alibaba was undervalued relative to the market but not anymore. Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks. But why did the market only react now.

As most BABA followers know the last two weeks of BABA have been brutal for Alibabas share prices. Hi friends The Alibaba stock fell sharply today by nearly 10 erasing most of these past few weeks gains. As we all knew about alibaba and about China the government is always regulating technological companies.

Chinese e-commerce and tech companies listed in the US. It still trades at just 21 times forward earnings and analysts expect. That all sounds quite scary but.

Alibaba may seem undervalued considering the current prices within the overall stock market. When you have limited capital to deploy you either but. The Chinese crackdown on Alibaba NYSE.

BABA stock and other big tech stocks has chilled Wall Street but US. BABA are down around 2 today after a Citi analyst cut her price target. However traders need positive catalysts in.

Audiences including investors have been trained over the. It seems to be connected to an affiliate companys Ant Group. At its lows the stock was down almost 34.

BABA stock is impaired by control from government. On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session. The stock was initially priced at 88 a.

Alibaba stock short squeeze.

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