Is It Time to Buy the Alibaba Bounce?
Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) has been one of the major investing storylines of 2021. The stock has lost more than 50% of its value over the past year, nearly unheard of for a company of its size and stature.
Shares have recently rebounded 15% from their 52-week lows, and investors are wondering if the worst is over. Here is why I would be cautious about jumping back onto the Alibaba bandwagon.
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Source Fool.com