Stock Track | East Buy Shares Plunge After Goldman Sachs Downgrades to 'Sell'

Stock Track07-30

Shares of East Buy Holding (01797), a leading Chinese e-commerce company, plunged as much as 6.96% during intraday trading on [DATE], following a rating downgrade by Goldman Sachs.

In a research note, Goldman Sachs analysts lowered their rating on East Buy from "Neutral" to "Sell" and slashed the price target to HK$7.10, citing concerns over the company's growth prospects and competitive pressures in the e-commerce market.

The "Sell" rating from a prominent investment bank like Goldman Sachs is a significant blow to investor sentiment, as it signals a bearish outlook on the stock's future performance. The lower price target also raises the possibility of further selling pressure, as investors may choose to exit their positions in anticipation of potential downside risk.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1153049476?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-30 16:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1153049476","market":"hk","top_or_hot":-1,"title":"Stock Track | East Buy Shares Plunge After Goldman Sachs Downgrades to 'Sell'","media":"Stock Track","content":"<p>Shares of East Buy Holding (01797), a leading Chinese e-commerce company, plunged as much as 6.96% during intraday trading on [DATE], following a rating downgrade by Goldman Sachs.</p>\n\n<p>In a research note, Goldman Sachs analysts lowered their rating on East Buy from \"Neutral\" to \"Sell\" and slashed the price target to HK$7.10, citing concerns over the company's growth prospects and competitive pressures in the e-commerce market.</p>\n\n<p>The \"Sell\" rating from a prominent investment bank like Goldman Sachs is a significant blow to investor sentiment, as it signals a bearish outlook on the stock's future performance. The lower price target also raises the possibility of further selling pressure, as investors may choose to exit their positions in anticipation of potential downside risk.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | East Buy Shares Plunge After Goldman Sachs Downgrades to 'Sell'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | East Buy Shares Plunge After Goldman Sachs Downgrades to 'Sell'\n</h2>\n\n<h4 class=\"meta\">\n\n2024-07-30 16:36 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of East Buy Holding (01797), a leading Chinese e-commerce company, plunged as much as 6.96% during intraday trading on [DATE], following a rating downgrade by Goldman Sachs.\nIn a research note,...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01797","symbol_name":"东方甄选","start_time":0,"source_url":"","article_id":"1153049476","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153049476","pubTimestamp":1722328573,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of East Buy Holding , a leading Chinese e-commerce company, plunged as much as 6.96% during intraday trading on [DATE], following a rating downgrade by Goldman Sachs.In a research note, Goldman Sachs analysts lowered their rating on East Buy from \"Neutral\" to \"Sell\" and slashed the price target to HK$7.10, citing concerns over the company's growth prospects and competitive pressures in the e-commerce market.The \"Sell\" rating from a prominent investment bank like Goldman Sachs is a signifi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01797":"东方甄选"},"translate_title":"高盛将评级下调至“卖出”后，East Buy股价暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01797":1},"content_text":"Shares of East Buy Holding (01797), a leading Chinese e-commerce company, plunged as much as 6.96% during intraday trading on [DATE], following a rating downgrade by Goldman Sachs.\nIn a research note, Goldman Sachs analysts lowered their rating on East Buy from \"Neutral\" to \"Sell\" and slashed the price target to HK$7.10, citing concerns over the company's growth prospects and competitive pressures in the e-commerce market.\nThe \"Sell\" rating from a prominent investment bank like Goldman Sachs is a significant blow to investor sentiment, as it signals a bearish outlook on the stock's future performance. The lower price target also raises the possibility of further selling pressure, as investors may choose to exit their positions in anticipation of potential downside risk.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1153049476"}