DJ Alibaba Group Holding Ltd. ADR Falls Wednesday, Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ shed 2.19% to $129.79 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.87% to 17,601.05 and the Dow Jones Industrial Average rising 0.56% to 42,225.32.
Alibaba Group Holding Ltd. ADR closed 12.56% below its 52-week high of $148.43, which the company achieved on March 17th.
The ADR underperformed when compared to some of its competitors Wednesday, as Beyond Inc. $(BYON)$ remained unchanged, Rakuten Group Inc. ADR $(RKUNY)$ fell 1.41% to $5.58, and eBay Inc. $(EBAY)$ fell 0.56% to $67.42.
Trading volume (19.6 M) remained 12.1 million below its 50-day average volume of 31.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 2, 2025.
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(END) Dow Jones Newswires
April 02, 2025 17:25 ET (21:25 GMT)
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