Why Baozun Stock Was Tumbling Today
Shares of Baozun (NASDAQ: BZUN) were getting hammered today as the Chinese e-commerce company reported disappointing results in its third-quarter earnings report, showing that growth essentially ground to a halt and it reported its first adjusted quarterly loss as a public company.
As a result, the stock was down 11.5% as of 11:16 a.m. ET.
Image source: Baozun.
Source Fool.com