Almost 2 Years Ago
2 Min Read

BABA is making big moves today. Find out why the stock is trading -9% lower:



Alibaba Group Holding (BABA) is trading -9% lower at $110.08 today.

Alibaba Group Holding has been trading between a 52-week high of 216.6 and a 52-week low of 73.28. The stock has a market cap of $298 Billion.

Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.

Headlines


Futures Slide On Renewed China Covid Lockdown Fears As Traders Brace For Q2 Earnings, Red Hot CPI
Zero Hedge 07-11-22

Alibaba Stock News and Forecast: BABA, Tencent stock start week down after Beijing issues fines
FXStreet 07-11-22

Chinese tech giants Alibaba and Tencent stocks plunge after latest fines
The Globe and Mail 07-11-22

China Regulator Fines Alibaba, Tencent for Violation of Anti-Monopoly Rules
Coinspeaker 07-11-22

Alibaba Is Tumbling. Why Chinese Tech Stocks Have a New Regulatory Headache.
Barron''s 07-11-22

Alibaba, Tencent Fined By Chinese Regulator Over Non-Compliance With Anti-Monopoly Rules
Benzinga 07-11-22

Alibaba and Tencent shares fall sharply after latest crackdown
Zee News 07-11-22

Alibaba and Tencent stocks plunge after latest fines - Times of India
The Times of India 07-11-22

Alibaba and Tencent stocks plunge after latest fines by Chinese regulators
Economic Times India 07-11-22

Technology - Alibaba and Tencent stocks plunge after latest fines
Business Mag 07-11-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

financethrowaway889 - 8 upvotes - source
How often do you think buffet makes fun of munger about his BABA debacle. “should have bought tootsie roll old man!” -Buffet

Full_Ad6185 - 7 upvotes - source
BABA put, Chinese communist about to fuck them up

EnginrA - 6 upvotes - source
Lol all of the talking heads on CNBC were shilling BABA last week

Comprehensive-Sink62 - 5 upvotes - source
Waiting for “ actually bank runs are bullish for BABA” threads on Twitter

Comprehensive-Sink62 - 5 upvotes - source
For the gazillionth time this year, BABA shareholder about to experience pain again

lamabaronvonawesome - 4 upvotes - source
Who got Baba?!

jsie-iaiqhsi816278 - 4 upvotes - source
BABA down 6% in Hong Kong market. Will it translate to the US tomorrow?

FakeoNameo_ - 3 upvotes - source
Anyone who’s still dumb enough to hold BABA deserves every bit of tuition the market charges them

hardcore_softie - 3 upvotes - source
Hopefully you aren't holding BABA

plzplzplztendies - 3 upvotes - source
lol baba ded