Alibaba Vs. PDD: A Grim Showdown In Chinese E-Commerce Stocks
BABA(BABA) Benzinga·2024-11-28 03:29
Alibaba Group Holding Ltd BABA BABAF and PDD Holdings Inc PDD were once the shining stars of China's e-commerce universe, but recent performance metrics suggest they're caught in a gravitational pull downward.Let's dive into the tale of two stocks that seem to be competing for the title of ‘most bearish trend.’Alibaba: The Resilient Underdog?Alibaba's stock, at $86.73, has weathered a mix of optimism and anxiety. It's up 12.12% over the past year, but the last month saw a sharp 13.01% decline. Chart create ...