why is alibaba going down

Despite Alibabas better-than-expected results shares were down 4 on Wednesday morning in Hong Kong following Tuesday evenings earnings report. Just a year ago BABA stock was trading at more than 300 per share as the Chinese e-commerce powerhouse was flying high.

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Why Alibaba Pinduoduo and TAL Education Group Soared.

. 4 2022 at 1117 am. Alibabas cloud segment has shown year-over-year revenue growth of over 100 in 10 of the past 12 quarters. Alibaba Earnings Send BABA Shares Down - but Dont Follow the Crowd.

Shares of Chinas Alibaba Group Holding BABA -1251 stock tumbled on Tuesday down 28 as of 145 pm. BABA dropped 4 as of 10 am. The tech stock was down by as much as 54 this morning and had fallen 22 as of 1050 am.

Then came a series of problems and. Alibaba stock BABA tumbled more than 5 percent on Sep. For the year ended this.

The stock hit a 52-week low and is now more than 52 percent below. 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. NEW YORK TheStreet -- Shares of Alibaba Group Holding BABA are dropping by 548 to 7681 on Monday morning as China-based stocks decline from plummeting.

Chinese e-commerce giant Alibaba BABA closed down 81 on Tuesday after Shanghai Stock Exchange officials suspended the mega IPO of Ant Group. Alibabas cloud segment is on fire. Alibaba Climbs As Hang Seng Bounces In Relief.

Heres Whats Going On Nov. Alibaba Group Holding BABA shares are down about 35 to 19725 on Thursday morning after the Chinese online retail giant posted disappointing earnings for its. EDT Monday and given the headlines coming out of.

ET after Reuters reported that the US. Chinese e-commerce giant Alibaba BABA closed down 81 on Tuesday after Shanghai Stock Exchange officials suspended the mega IPO of Ant Group. Shares of Chinese e-commerce giant Alibaba Group Holding NYSE.

20 and is now down 335 percent year-to-date. The site makes an Alibaba stock forecast for 2025 of 16454 by the end of the year and. The price could reach 8216 by the end of 2022 and 11703 by the end of 2023.

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