Can Vipshop Stock Bounce Back After Last Week's 17% Drop?
It's been easy come, easy go for Vipshop Holdings (NYSE: VIPS) shareholders. The same stock that shot higher two weeks ago on strong online shopping trends in China gave it all away last week after posting mixed financial results. Last week's 16.8% slide follows a 19.4% pop the week before, resulting in a modest dip of 0.9% over the past two weeks masking the wild volatility.
The Chinese online discounter of brand-name apparel came through with another period of healthy growth last week. Net revenue rose 27.6% to $2.3 billion, at the high end of its earlier range targeting 24% to 28% in top-line growth. However, Vipshop's guidance for the current quarter calls for decelerating revenue growth. A pair of analysts would go on to lower their price targets on the stock following the report.
Image source: Vipshop Holdings.
Source: Fool.com