Why Shares of Xunlei Limited Fell 16.7% in October [The Motley Fool]
Xunlei Limited - American Depositary Shares (XNET)
US:NASDAQ Investor Relations:
ir.xunlei.com
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Source: The Motley Fool
Xunlei closed the door on its cryptocurrency last month, and the stock is now down nearly 60% year to date. Keith Noonan ( TMFNoons ) Nov 12, 2018 at 10:07PM What happened Shares of Xunlei Limited ( NASDAQ:XNET ) dipped 16.7% in October, according to data provided by S&P Global Market Intelligence . The blockchain and cloud-services company saw its stock hit a lifetime high amid the run-up in cryptocurrency valuations that took place at the end of 2017, but 2018 has seen much of the previous year's gains erased. ^SPX data by YCharts . The overall Chinese tech sector has seen steep sell-offs this year, with the Invesco China Technology ETF losing roughly a third of its value across the stretch, and Xunlei's decline has been even more pronounced. The company moved away from its cryptocurrency ambitions and sold off along with the broad
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- Xunlei Limited (NASDAQ: XNET) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Xunlei Limited (NASDAQ: XNET) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Xunlei Limited (NASDAQ: XNET) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Xunlei Limited (NASDAQ: XNET) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Xunlei Limited (NASDAQ:XNET) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance