Comment on Why Iqiyi, Inc. Stock Slumped Today

Why Iqiyi, Inc. Stock Slumped Today

Shares of iQIYI (NASDAQ: IQ) had a bad market day today. Share prices fell as much as 14% in the afternoon, recovering to a 13.3% drop by the closing bell. There was no obvious reason for this plunge, other than the young stock's heaping reserves of volatility making another appearance.The so-called Netflix (NASDAQ: NFLX) of China -- and Chinese business partner to that streaming video giant -- had no news to speak of today.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News