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.
Image source: Getty Images.
Source Fool.com