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Why the Alibaba Stock Price Is Down 13% This Month
The Alibaba stock price has dropped 13.6% in the last month and is now down nearly 35% in 2015.
Today (Monday), shares of Alibaba Group Holding Ltd. (NYSE: BABA) were trading just above $67, meaning BABA stock is now below its IPO price of $68.
Here's why Alibaba stock has tanked lately, and where it's headed now...
The Alibaba stock price has dropped 13.6% in the last month and is now down nearly 35% in 2015.
Today (Monday), shares of Alibaba Group Holding Ltd. (NYSE: BABA) were trading just above $67, meaning BABA stock is now below its IPO price of $68.
Here's why Alibaba stock has tanked lately, and where it's headed now...