MOGU Stock Drops 11.89% Amid Lackluster Financial Performance

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Dec 06, 2024
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Mogu Inc. (MOGU, Financial) shares fell 11.89%, trading at $2.00 with a volume of 6,245 shares. The stock's turnover rate was 0.08%, with a price fluctuation of 9.69%. Recent financial reports showed revenue of $8.59 million, a net loss of $3.35 million, and earnings per share of -$0.38. The gross profit was $3.08 million, and the price-to-earnings ratio stood at -2.62. No institutional ratings are currently available for MOGU.

In the internet retail sector, which rose 1.35%, related stocks like Wayfair Inc. showed significant gains. Mogu Inc. is a Chinese online fashion and lifestyle platform offering multimedia fashion and lifestyle content, including live streaming and short videos. Its revenue is primarily generated within China, providing online marketing and technology services for merchants and brands.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.