Can Bitauto Stock Bounce Back After Last Week's 20% Drop?

newsfeedback@fool.com (Rick Munarriz), The Motley Fool
Tue, 03/20/2018 - 10:12am

Sometimes, it seems as if you're stuck in reverse. Bitauto (NYSE: BITA) was one of last week's biggest losers, shedding 20.4% of its value after following up solid financial results with weaker-than-expected guidance for the current quarter. The shares are trading at their lowest level in 11 months. The online provider of content, marketing, and more recently financing services for the automotive industry in China came through with what initially seemed to be a blowout performance.

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Topics:  nyse   bita was   china   american   wall street   bitauto   week's   million   quarter   
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