why is alibaba going down
Shares of Alibaba NYSE. BABA stock tumbled on Tuesday down 28 as of 145 pm.
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. Why Alibaba BABA Stock is Down Today. 20 and is now down 335 percent year-to-date. Shares of Alibaba found themselves under pressure after a Wall Street Journal report suggested that Chinas regulators were ready to impose a record fine on the company.
According to the report Alibaba was one of the companies that was asked to prepare. It has restricted companies from pursuing overseas listing casting doubts over Alibaba-backed Ant Group and the ByteDance Ltd-owned TikToks IPOs. Shares of Alibaba BABA-430 took a dive today after the Chinese government said it would open up an antitrust investigation into the tech giant.
Find the latest Alibaba Group Holding Limited BABA stock discussion in Yahoo Finances forum. EDT Monday and given the headlines coming out of. Shares of Chinese e-commerce giant Alibaba Group Holding NYSE.
BABA are down nearly 3 in pre-market Thursday after Bloomberg reported that regulators are probing. Share your opinion and gain insight from other stock traders and investors. ET after Reuters reported that the US.
Shares of Alibaba Group Holding BABA -189 slid 24 in afternoon trading Friday as of 1 pm. Alibaba is trading at multi-year lows. Despite Alibabas better-than-expected results shares were down 4 on Wednesday morning in Hong Kong following Tuesday evenings earnings report.
Alibaba stock BABA tumbled more than 5 percent on Sep. Shares of Alibaba BABA -122 were sliding again last month as the Chinese tech giant posted a disappointing earnings report and continued to be impacted. Here Are 58 Biggest Movers.
Alibaba stock managed to move away from multi-year lows after Chinas Vice Premier. ET after two separate investment banks lowered their. On Thursday it sank as much as 9 to an intraday low of 9082.
While some of the retained cash flows were. There is potentially some hope at 12977 with support there from the lowes back in July 2018. Alibaba BABA stock made several attempts to break the level before going on a.
BABA dropped 4 as of 10 am. BABA is down 28 year-to-date following a decline of 48 in 2021. Shares of Chinas Alibaba Group Holding NYSE.
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. What Is Going on With Alibaba BABA Stock Today. Chinese e-commerce giant Alibaba BABA closed down 81 on Tuesday after Shanghai Stock Exchange officials suspended the mega IPO of Ant Group.
The stock hit a 52-week low and is now more than 52 percent below. 26 2022 at 132 pm. BABA has repurchased 37 billion of stock this year - but it has generated more than 10 billion of non-GAAP net income this year.
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