China Crackdown is Crushing These 5 Stocks

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In this article, we discuss the 5 stocks that the China crackdown is crushing. If you want to read our detailed analysis of these stocks, go directly to China Crackdown is Crushing These 10 Stocks.

5. Vipshop Holdings Limited (NYSE:VIPS)

Number of Hedge Fund Holders: 36  

Percentage Decline in Share Price Over Past Three Months: 37%

Vipshop Holdings Limited (NYSE:VIPS) is ranked fifth on our list of 10 stocks that the China crackdown is crushing. The firm owns and operates an online discount retailer and is headquartered in Guangzhou. 

On September 23, investment advisory JPMorgan downgraded Vipshop Holdings Limited (NYSE:VIPS) stock to Neutral from Overweight and lowered the price target to $11 from $22, predicting the stock would not outperform in the next six months. 

At the end of the second quarter of 2021, 36 hedge funds in the database of Insider Monkey held stakes worth $1.30 billion in Vipshop Holdings Limited (NYSE:VIPS), down from 54 in the preceding quarter worth $1.34 billion. 

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