DJ Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day
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The Alibaba Group Holding Ltd. ADR $(BABA)$ shed 1.71% to $121.48 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.28% to 18,925.73 and the Dow Jones Industrial Average remaining mostly unchanged at 41,859.09.
This was the ADR's second consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed 18.16% below its 52-week high of $148.43, which the company reached on March 17th.
The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Beyond Inc. $(BYON)$ fell 4.07% to $5.90, Rakuten Group Inc. ADR $(RKUNY)$ fell 1.07% to $5.56, and eBay Inc. $(EBAY)$ rose 0.80% to $72.15.
Trading volume (7.8 M) remained 13.9 million below its 50-day average volume of 21.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 22, 2025.
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(END) Dow Jones Newswires
May 22, 2025 17:22 ET (21:22 GMT)
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