JOBS - Why 51job Shares Dropped 15% Last Month
Shares of 51job (NASDAQ: JOBS) fell 15% in January 2020, according to data from S&P Global Market Intelligence. The Chinese human-resources service saw its share prices fall as soon as word of the coronavirus outbreak started to spread.
The American Centers for Disease Control and Prevention confirmed the first American case of the coronavirus on Jan. 21, a day that also marked the start of a global conversation about this deadly disease. 51job's stock fell 5% that day alone, and the stock continued to plunge lower as the virus spread.
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