Michael Burry's Bet on Alibaba Stocks: What You Need to Know
Michael Burry and His Investment in Alibaba Stocks
In 2024, Michael Burry, renowned for executing 'The Big Short', made waves with his investment in Alibaba (NYSE: BABA), JD.com, and Baidu. Among these, BABA stocks have emerged as the focal point of his portfolio. Despite their potential, the performance of Alibaba stock has raised eyebrows.
Current Performance of Alibaba and Michael Burry
The price of Alibaba stocks stands at $84.73 at the start of 2025, considerably below its all-time highs. Following Burry's acquisition in Q3 2023, concerns linger about his overall returns.
Analysis of Burry's Investment Position
- BABA stock saw trading ranges of $80 to $100 in mid-2023.
- Burry likely holds 50,000 shares, but it's uncertain if he's profiting.
Potential for Profit Amidst Market Challenges
October 2024 brought a significant surge, with BABA stocks reaching $115. Had Burry sold at that point, he could have capitalized on a profit of approximately $21 million.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.