DJ Alibaba Group Holding Ltd. ADR Falls Monday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
The Alibaba Group Holding Ltd. ADR $(BABA)$ slipped 9.06% to $105.98 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.10% to 15,603.26 and the Dow Jones Industrial Average falling 0.91% to 37,965.60.
This was the ADR's fourth consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed 28.60% 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 Monday, as Beyond Inc. $(BYON)$ fell 3.81% to $3.79, Rakuten Group Inc. ADR $(RKUNY)$ fell 3.29% to $4.99, and eBay Inc. $(EBAY)$ fell 1.94% to $61.19.
Trading volume (61.1 M) eclipsed its 50-day average volume of 33.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 7, 2025.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 07, 2025 17:22 ET (21:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.