Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Momo Stock Fell 16% in September

TheMotleyFool

0 0

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.