DJ Alibaba Group Holding Ltd. ADR Falls Tuesday, Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ slid 1.48% to $112.28 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 0.05% to 16,823.17 and Dow Jones Industrial Average falling 0.38% to 40,368.96.
The ADR's fall snapped a two-day winning streak.
Alibaba Group Holding Ltd. ADR closed 24.35% below 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 Tuesday, as Beyond Inc. $(BYON)$ fell 2.09% to $3.75, Rakuten Group Inc. ADR $(RKUNY)$ fell 0.65% to $5.37, and eBay Inc. $(EBAY)$ fell 0.86% to $65.50.
Trading volume (15.5 M) remained 19.3 million below its 50-day average volume of 34.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 15, 2025.
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(END) Dow Jones Newswires
April 15, 2025 17:23 ET (21:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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