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Why MOGU Is Crashing 18% Today

TheMotleyFool

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Shares of MOGU (NYSE: MOGU) were sliding 18% in morning trading Monday after the Chinese fashion and lifestyle company reported fiscal first-quarter earnings before the market opened.

It may be a case of "buy the rumor and sell the news," as MOGU's stock soared 60% last week after the company simply announced it would release its earnings report today, yet it did miss revenue estimates for the period.

Image source: Getty Images.

Source Fool.com

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