Michael Burry Planned to Move Back Into Alibaba After a Few Months. Now He Says BABA Stock Would Need to Fall 50% First (UPDATED)
Michael Burry said he has no plans to move his JD.com stake back to Alibaba after its $10 billion share sale sank shares nearly 10%.
A famous investor who owned Alibaba before changed his mind about buying it back, even after the stock dropped. This shows that smart investors watch for signs a company is struggling, not just whether the price goes down.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.