DJ Alibaba Group Holding Ltd. ADR Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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The Alibaba Group Holding Ltd. ADR $(BABA)$ rose 3.85% to $134.01 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.37% to 43,621.16 and the NASDAQ Composite Index falling 1.35% to 19,026.39.
Alibaba Group Holding Ltd. ADR closed 7.77% below its 52-week high of $145.30, which the company achieved on February 21st.
The ADR demonstrated a mixed performance when compared to some of its competitors Tuesday, as Beyond Inc. $(BYON)$ rose 7.37% to $7.43, Rakuten Group Inc. ADR $(RKUNY)$ fell 0.47% to $6.39, and eBay Inc. $(EBAY)$ rose 1.34% to $70.93.
Trading volume (38.6 M) eclipsed its 50-day average volume of 25.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 25, 2025.
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February 25, 2025 17:24 ET (22:24 GMT)
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