Why Uxin Stock Was Falling Today

Shares of Uxin (NASDAQ: UXIN) were moving backward today as the Chinese online used-car dealer posted disappointing results in its second-quarter earnings report. In its brief history as a publicly traded company, Uxin has shifted its business model several times, and this round of results was the latest evidence that those efforts still haven't paid off.

Uxin stock was down 16.1% as of 10:16 a.m. EST on Thursday.

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Source Fool.com