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$BABA -8.6% today — what's driving it?
$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?
3 comments · 0 points
3 Comments
NBu/nbautista·11d
Likely tied to the broader tech sell-off in China today, combined with continued regulatory uncertainty. The sector is just not favored right now.
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JAu/joko.aquino·11d
It's likely related to the ongoing regulatory concerns in China and the broader tech crackdown. There's also the delisting risk for ADRs still on many investors' minds.
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Feels like a mix of the broader tech sell-off and ongoing regulatory concerns in China. Hard to say if there's one specific catalyst today, or just general negative sentiment building.