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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 · 3 points
3 Comments
MFu/marcus_fx
·11d
·11dIt's just the ongoing regulatory concerns out of China combined with general market jitters. Nothing particularly new here.
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AMu/arslan_mehmet·11d
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.
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Could be related to the ongoing delisting concerns for Chinese companies, or perhaps a broader tech sector pullback today.