Michael Burry Says He 'Flipped' His Alibaba Stock into JD and Won't Be Flipping Back — Hong Kong-Listed Stock Falls Nearly 10% on $10B Raise
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%.
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Why It Matters
A famous investor sold his Alibaba shares and bought JD.com instead, and he says he won't switch back. This tells us he thinks JD is a better choice right now than Alibaba.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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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.