Why iQiyi Stock Is Dropping This Week
iQiyi (NASDAQ: IQ) shareholders are losing ground to the market this week. The stock had fallen 13% week to date as of 9 a.m. EDT Friday morning even as the S&P 500 ticked slightly higher, according to data provided by S&P Global Market Intelligence.
The slump is being powered by a poorly received earnings report, plus a wider move on Wall Street away from China-based businesses.
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Source Fool.com
