$Alibaba(BABA)$ This is gettin

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King IV.
12-20 15:30

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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jeryeo0701
·12-20 15:40
China didnt reduce its prime lending rate today
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tosidon
·12-21 09:41
many investor bought put options.
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