Over the last two years, BITA stock has smashed the S&P 500 by 242%.
But BITA stock has seen a huge sell-off recently. Shares are down 3.7% since July 2014 and 36.1% in the last six months.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Over the last two years, BITA stock has smashed the S&P 500 by 242%.
But BITA stock has seen a huge sell-off recently. Shares are down 3.7% since July 2014 and 36.1% in the last six months.
Here's why the Chinese e-commerce company is beaten down right now...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Over the last two years, BITA stock has smashed the S&P 500 by 242%.
But BITA stock has seen a huge sell-off recently. Shares are down 3.7% since July 2014 and 36.1% in the last six months.
Here's why the Chinese e-commerce company is beaten down right now...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
One of our top long-term stock picks, Bitauto Holdings Ltd. (NYSE: BITA) stock, is trading at a 41% discount this week.
BITA shares are trading at $56, down from the $95 they hit Jan. 9.
Shares of BITA stock dropped 16% March 9 even after the company reported a Q4 earnings beat. Q4 earnings were up 58% year over year, while revenue was up 101.7%.