DJ Alibaba Group Holding Ltd. ADR Underperforms Wednesday When Compared To Competitors
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The Alibaba Group Holding Ltd. ADR (BABA) slid 3.85% to $103.83 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.94% to 20,611.34 and the Dow Jones Industrial Average rising 0.49% to 44,458.30.
Alibaba Group Holding Ltd. ADR closed 30.05% short of its 52-week high of $148.43, which the company reached on March 17th.
The ADR underperformed when compared to some of its competitors Wednesday, as Beyond Inc. $(BYON)$ fell 3.41% to $7.94, Rakuten Group Inc. ADR $(RKUNY)$ rose 0.92% to $5.35, and eBay Inc. $(EBAY)$ rose 1.31% to $76.32.
Trading volume (24.5 M) eclipsed its 50-day average volume of 13.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 9, 2025.
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July 09, 2025 17:23 ET (21:23 GMT)
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