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Why iQiyi Stock Lost 12% Last Month

TheMotleyFool

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Shares of iQiyi (NASDAQ: IQ), the Chinese video streamer, were getting dumped last month on a broader sell-off in Chinese stocks after the trade war flared up again at the end of the month. According to data from S&P Global Market Intelligence, iQiyi shares finished the month down 12%.

It was a volatile month for the company sometimes referred to as the Chinese Netflix. The stock had gained 8% at one point, but shares fell sharply the last week of September, when President Trump stepped up threats on China.