DJ Alibaba Group Holding Ltd. ADR Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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The Alibaba Group Holding Ltd. ADR $(BABA)$ rose 1.82% to $134.05 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.72% to 19,146.81 and the Dow Jones Industrial Average falling 0.21% to 42,051.06.
Alibaba Group Holding Ltd. ADR closed 9.69% short of its 52-week high of $148.43, which the company achieved on March 17th.
The ADR demonstrated a mixed performance when compared to some of its competitors Wednesday, as Beyond Inc. $(BYON)$ rose 8.33% to $5.59, Rakuten Group Inc. ADR $(RKUNY)$ fell 5.50% to $5.67, and eBay Inc. $(EBAY)$ fell 0.03% to $69.15.
Trading volume (17.8 M) remained 6.0 million below its 50-day average volume of 23.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 14, 2025.
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May 14, 2025 17:22 ET (21:22 GMT)
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