Can Vipshop Stock Bounce Back After Last Week's 13% Drop?

Can Vipshop Stock Bounce Back After Last Week's 13% Drop?

Vipshop Holdings (NYSE: VIPS) hit fresh recent lows last week, taking a hit after posting disappointing quarterly results. A pair of Wall Street firms would go on to downgrade the Chinese online discounter following the financial report. The stock plunged 13.46% on the week.

Vipshop stock closed in the single digits on Friday, something that we haven't seen since 2012. Adjust the stock for Vipshop's 10-for-1 stock split in 2014 -- after its meteoric rise at the time -- and we're still looking at new three-year lows for investors. 

Image source: Vipshop Holdings.

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Source: Fool.com