why is alibaba stock down reddit

Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks. He bought 165k shares in Q1 2021 then added 1367k in Q3 and another 300k in the last quarter.

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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.

. Id love to hear your thoughts about this one. In a shortened session Alibaba stock closed down 134 wiping off approximately 100 billion from its market cap. Ines is a stock market.

While it has come off the lows its still down almost 30 percent in 2021. ET after two separate investment banks lowered their price targets on the Chinese. BABA is down 28 year-to-date following a decline of 48 in 2021.

Press J to jump to the feed. BABA is literally the only tech stock that is not over valued. It seems to be.

As we all knew about alibaba and about China the government is always regulating technological companies. On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session. There may be some swing-trade profit to be made once it finds a mean value but only if you can time noise right.

22 hours agoThe price of Alibaba stock is dropping nearly 1 today despite news that Ant Group a company partially owned by the tech firm is close to securing a key license. 24 and regulatory issues had a. Alibaba is becoming one of the most talked about stocks on WallStreetBets.

Hi friends The Alibaba stock fell sharply today by nearly 10 erasing most of these past few weeks gains. Their market cap is lower than the revnue they will make next year if theh keep up in this pace which they have been for the past years when other companies wont even make 110 of their market cap in the next decade this is insane. As of today Alibaba stock is down 20 in the past 1 month.

Many investors wonder if the. Shares of Alibaba Group BABA 492 plunged 109 as of 1125 am. Jack ma doesnt even hold a large stake in BABA anymore and hasnt been the CEO for years now.

I think BABA will be fine. Just a year ago BABA stock was trading at more than 300 per share as the Chinese e-commerce powerhouse was flying high. I know there is a tech selloff currently but this in my opinion is just short term noise.

BABA is Down 9. Alibaba is trading at multi-year lows. Alibaba may seem undervalued considering the current prices within the overall stock market.

BABA stock is impaired by control from government. Charlie Mungers companys big investment in Alibaba along with a broader stabilization in Chinese tech. I wouldnt have guessed a mega cap stock would take such a hit.

Alibabas market cap has lost over 500 billion since October 2020. Alibaba currently trades at a. I believe in Alibaba long term and I feel today is a great buying opportunity.

From hitting a high of around 317 per share in October 2020 Alibaba shares have plunged to around 135 as of Nov. 7 analysts rate it as overweight while 1 of them rated it as underweight whereas 0 suggest the stock as a Sell. 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.

15 days ago. EST on Thursday after the Chinese tech giant reported misses on both the top and bottom lines for its fiscal second quarter. Shares of Alibaba Group Holding BABA 406 slid 24 in afternoon trading Friday as of 1 pm.

Then came a series of problems and misfortunes that dropped shares all the. I wouldnt have guessed a mega cap stock would take such a hit. However we seem to life in times where a PE ratio of 27 of a.

I once considered Alibaba BABA 662 an undervalued growth stock. Obviously this is the result of the massive sell-off we saw in 2021. On Thursday it sank as much as 9 to an intraday low of 9082.

Press question mark to learn the rest of the keyboard shortcuts. But why did the market only react now. 30 votes 35 comments.

It still trades at just 21 times forward earnings and analysts expect. Investors seem to be breathing a sigh of relief over a. The tech stock was down by as much as 54 this morning and had fallen 22 as of 1050 am.

Why Alibaba Stock Is Soaring Today. 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. BABA is down 28 year-to-date following a decline of 48 in 2021.

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