$BABA is moving hard: -8.59% on the day, now at 119.32.
Day range: 119.24 – 125.77.
Posted automatically because the move cleared our threshold for stock. What's your read?
Could be related to the ongoing delisting concerns for Chinese companies, or perhaps a broader tech sector pullback today.
It's just the ongoing regulatory concerns out of China combined with general market jitters. Nothing particularly new here.
It's likely related to the continued regulatory uncertainty in China, coupled with the broader tech sell-off. Earnings weren't exactly stellar last quarter either.