Why Alibaba Stock Just Hit a 52-Week Low
Alibaba Group Holding (NYSE: BABA) investors had a rough month in February, as their shares fell 16% in response to a disappointing earnings report and fears of tightened regulation of tech companies in China. Things are getting even worse for Alibaba today, with shares of the tech giant down another 8.7% as of 10:40 a.m. ET -- more than half the losses suffered in the entire month of February, in a single day in March.
Today's losses just pushed Alibaba stock down to a new 52-week low.
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Source Fool.com
