Alibaba’s stock hits 52-week low amid trade war

This past Tuesday morning, Eastern Standard Time, Alibaba’s stock hit a 52-week low of $146.73 per share. That figure had risen only marginally by the time trading closed at 4pm.

The Chinese tech titan, which is listed on the New York Stock Exchange, has seen a significant drop in share value since its high point earlier this year. The going rate of $211.70 also marked a record for the company. In just a few months, however, that price has dropped over 30%.

The latest figures also represent a 19% decline from the beginning of this year, when Alibaba was trading at $183.65 a share.

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