Why Baozun Stock Was Falling Today
Shares of Baozun (NASDAQ: BZUN), the struggling Chinese e-commerce services provider, were moving lower today after the company issued another disappointing earnings report.
As a result, the stock was down 8.4% as of 1:36 p.m. ET on Thursday.
At a time when much of the Chinese e-commerce sector is struggling, Baozun posted another quarter of declining sales as revenue fell 4.9% to $274.9 million, though that topped estimates at $270.8 million. Both service and product revenue fell in the quarter.
Source Fool.com
Baozun Inc ADR Stock
€2.30
3.600%
With 1 Sell predictions and 0 Buy predictions the community sentiment towards the Baozun Inc ADR stock is not clear.
A slightly negative potential of -13.04% at a current price of 2.3 € for Baozun Inc ADR is the result of a target price of 2 €.
