$Alibaba(BABA)$ This is gettin

This is getting pummeled on very high volume...almost at its daily avg volume already. Any idea why?

I see that Ant dispelled rumors of an upcoming IPO. Says it has no plans at the moment. I don't think that should drag the stock down. Was the market really expecting that? And even if they did, what would Baba do with the cash? They are already sitting on $50B that management feels they can't economically deploy.

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Comments

jeryeo0701
12-20
jeryeo0701
China didnt reduce its prime lending rate today
tosidon
12-21 09:41
tosidon
many investor bought put options.

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