Why iQiyi Stock Lost 12% in April
iQiyi (NASDAQ: IQ) shareholders lost ground to a booming market last month. The stock dropped 12% in April compared with a 5.2% spike in the S&P 500, according to data provided by S&P Global Market Intelligence.
The decline added to significant short-term losses for owners of the Chinese streaming video giant, with shares down 18% so far in 2021.
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Source Fool.com
