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Why Momo Stock Fell 16% in September

TheMotleyFool

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Shares of Momo (NASDAQ: MOMO) were sliding last month after the Chinese social network and online dating company got swept up in the sell-off in Chinese stocks toward the end of the month. A threat from the Trump administration to restrict American investment in Chinese companies, which could even include delisting Chinese stocks like Momo from American exchanges, sparked the selloff. As a result, Momo stock lost 16% over the course of the month, according to data from S&P Global Market Intelligence.

The bulk of the slide came on news about the potential delisting at the end of the month.