iQIYI (IQ) shares have dropped 42.3% in the last six months, underperforming the Zacks Consumer Discretionary sector’s appreciation of 15.1% and the Zacks Film and Television Production and Distribution industry’s return of 16.8%.IQ shares have also underperformed peers like Bilibili (BILI) , Alibaba (BABA) and Tencent (TCEHY) , which have returned 25.3%, 19.4% and 14.2%, respectively, in the same time frame.IQ’s subpar performance can be attributed to macroeconomic headwinds, sluggish consumer spending and ...