DJ Alibaba Group Holding Ltd. ADR Falls Monday, Still Outperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ slid 1.28% to $130.81 Monday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 2.64% to 18,350.19 and Dow Jones Industrial Average falling 1.48% to 43,191.24.
This was the ADR's third consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed 9.97% short of its 52-week high of $145.30, which the company reached on February 21st.
The ADR demonstrated a mixed performance when compared to some of its competitors Monday, as Beyond Inc. $(BYON)$ fell 6.10% to $6.00, Rakuten Group Inc. ADR $(RKUNY)$ fell 1.79% to $6.03, and eBay Inc. $(EBAY)$ rose 0.74% to $65.22.
Trading volume (22.3 M) remained 5.0 million below its 50-day average volume of 27.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2025.
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(END) Dow Jones Newswires
March 03, 2025 17:22 ET (22:22 GMT)
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