DJ Alibaba Group Holding Ltd. ADR Falls Wednesday, Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ shed 3.47% to $123.23 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.27% to 17,738.16 and the Dow Jones Industrial Average rising 0.70% to 41,113.97.
The ADR's fall snapped a six-day winning streak.
Alibaba Group Holding Ltd. ADR closed 16.98% below its 52-week high of $148.43, which the company achieved on March 17th.
The ADR underperformed when compared to some of its competitors Wednesday, as Beyond Inc. $(BYON)$ rose 1.87% to $3.82, Rakuten Group Inc. ADR $(RKUNY)$ rose 1.21% to $5.87, and eBay Inc. $(EBAY)$ fell 0.85% to $69.76.
Trading volume (16.0 M) remained 8.9 million below its 50-day average volume of 24.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2025.
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(END) Dow Jones Newswires
May 07, 2025 17:25 ET (21:25 GMT)
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