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Stock impact report

Why Xunlei Limited Stock Fell 30.5% in the First Half of 2018 [The Motley Fool]

Xunlei Limited - American Depositary Shares (XNET) 
US:NASDAQ Investor Relations: ir.xunlei.com
Company Research Source: The Motley Fool
The cloud and blockchain company's stock is still up roughly 265% over the past year despite big selloffs in 2018. Keith Noonan ( TMFNoons ) Jul 14, 2018 at 7:13PM What happened Shares of Xunlei Limited ( NASDAQ:XNET ) lost 30.5% of their value through the first half of 2018, according to data from  S&P Global Market Intelligence . The sell-offs appear to be tied to a worsening outlook for the company's LinkToken cryptocurrency and broader pullbacks across the crypto market. XNET data by YCharts The Chinese company's stock climbed nearly 300% in 2017, with most of the gains tied to its announcement of a cryptocurrency and the huge interest in virtual currencies that occurred near the end of the year. It could be a rough road ahead for Xunlei shareholders. Image source: Getty Images. So what Xunlei's first big drop of the ye Show less Read more
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