DJ Alibaba Group Holding Ltd. ADR Underperforms Friday When Compared To Competitors
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The Alibaba Group Holding Ltd. ADR $(BABA)$ slid 2.96% to $132.51 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.63% to 18,847.28 and the Dow Jones Industrial Average rising 1.39% to 43,840.91.
This was the ADR's second consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed 8.80% below its 52-week high of $145.30, which the company achieved on February 21st.
The ADR underperformed when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ rose 0.16% to $6.39, Rakuten Group Inc. ADR $(RKUNY)$ fell 0.65% to $6.14, and eBay Inc. $(EBAY)$ rose 1.98% to $64.74.
Trading volume (24.8 M) remained 2.4 million below its 50-day average volume of 27.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2025.
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(END) Dow Jones Newswires
February 28, 2025 17:23 ET (22:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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