Alibaba Stock Is Falling. The Shares Could End 2021 at a Year Low.

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After hitting a yearly low earlier this month, Alibaba stock is now on track to hit a new rock bottom before 2021 is done.

The embattled Chinese technology giant entered this year with a stock price nearing $230—a level it would eclipse, hitting an all-time high just shy of $310 in October—but that didn’t last long. Alibaba‘s (ticker: BABA) U.S.-listed shares have had a brutal 12 months, falling some 50% and plumbing depths not seen since spring 2017.