Studio City shares are trading lower amid weakness in China-related stocks following earnings from Alibaba.
Portfolio Pulse from Benzinga Newsdesk
Studio City shares are trading lower due to weakness in China-related stocks following Alibaba's earnings report.
May 18, 2023 | 5:53 pm
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NEGATIVE IMPACT
Studio City's stock price is negatively impacted by weakness in China-related stocks after Alibaba's earnings.
Studio City's stock price is trading lower as a result of weakness in China-related stocks, which is driven by Alibaba's earnings report. This indicates that the market sentiment towards China-related stocks is negative, affecting Studio City's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80