why is alibaba stock down reddit
Alibabas market cap has lost over 500 billion since October 2020. Shares of Alibaba Group BABA 492 plunged 109 as of 1125 am.
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I once considered Alibaba BABA 662 an undervalued growth stock.
. Hi friends The Alibaba stock fell sharply today by nearly 10 erasing most of these past few weeks gains. I think BABA will be fine. On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session.
Based on estimates by 56 analysts where scores have ranged from 100 for a strong buy to 500 for a strong sell 7 have rated the Alibaba Group Holding Limited BABA stock as a Hold while 41 rate it as a Buy. As of today Alibaba stock is down 20 in the past 1 month. While it has come off.
Retail market share has shrunk from 75 about 5 years ago to 50 currently. ET after two separate investment banks lowered their. Press question mark to learn the rest of the keyboard shortcuts.
Alibaba is becoming one of the most talked about stocks on WallStreetBets. For fiscal 2022 Alibaba now expects revenue to grow 23 year-over-year down from the previous forecast of 295 which will be the smallest gain since its market debut in 2014. This is doomed to lose market to competitors.
As we all knew about alibaba and about China the government is always regulating technological companies. Their fundamentals are still solid and growth opportunities are insane. The freefall of Chinese e-commerce giant Alibabas BABA -.
It still trades at just 21 times forward earnings and analysts expect its revenue and earnings to rise 50 and 37. Shares of Alibaba Group Holding BABA 406 slid 24 in afternoon trading Friday as of 1 pm. 15 days ago.
22 hours agoThe price of Alibaba stock is dropping nearly 1 today despite news that Ant Group a company partially owned by. BABA is down 28 year-to-date following a decline of 48 in 2021. Im aware of them being fined by Chinese government and all the talks about dilisting but still BABA is an incredibly solid company.
On Thursday it sank as much as 9 to an intraday low of. Aliexpress is the worst online shopping experience on the internet their rules favor merchants over buyers. EST on Thursday after the Chinese tech giant reported.
Jack ma doesnt even hold a large stake in BABA anymore and hasnt been the CEO for years now. In addition to creating Alibaba Ma was head of Ant Group. So far in 2021 BABA stock is down around 30.
He bought 165k shares in Q1 2021 then added 1367k in. Id love to hear your thoughts about this one. I wouldnt have guessed a mega cap stock would take such a hit.
BABA is down 28 year-to-date following a decline of 48 in 2021. 7 analysts rate it as overweight while 1 of them rated it as underweight whereas 0 suggest the stock as a Sell. It seems to be.
Charlie Mungers companys big investment in Alibaba along with. BABA is Down 9. Not sure if that carries any weight for you but Charlie Munger Vice chair-man and right hand man of Warren Buffett bought BABA in three of the last four reported quarters through his fund with DJCO.
I wouldnt have guessed a mega cap stock would take such a hit. Its fall really started when Beijing took aim at Alibabas founder Jack Ma. I believe in Alibaba long term and I feel today is a great buying opportunity.
Alibaba main B2B site is absolute garbage. Alibaba currently trades at a price-to-earnings PE. Alibaba is trading at multi-year lows.
It was generally droppingstagnating from the summer. 30 votes 35 comments. 24 2021 Published 913 am.
However we seem to life in times where a PE ratio of 27 of a Chinese top peformer is seen as undervalued. Shares of Alibaba Group Holding BABA 492 a leading tech company in China were sliding this morning on continued investor concerns that. Press J to jump to the feed.
Obviously this is the result of the massive sell-off we saw in 2021. Investors seem to be breathing a. Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks.
Alibaba may seem undervalued considering the current prices within the overall stock market. Hello guys the Alibaba is down 10 in 3 month and only 23 up in a year. Shares of Alibaba Group Holding BABA 681 were up nearly 9 as of 130 ET today bouncing off the stocks 52-week lows it hit on Friday.
I know there is a tech selloff currently but this in my opinion is just short term noise.
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