DJ Alibaba Group Holding Ltd. ADR Underperforms Tuesday When Compared To Competitors
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The Alibaba Group Holding Ltd. ADR $(BABA)$ slipped 6.24% to $99.37 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 2.15% to 15,267.91 and Dow Jones Industrial Average falling 0.84% to 37,645.59.
This was the ADR's fifth consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed 33.05% short of its 52-week high of $148.43, which the company achieved on March 17th.
The ADR underperformed when compared to some of its competitors Tuesday, as Beyond Inc. $(BYON)$ fell 2.90% to $3.68, Rakuten Group Inc. ADR $(RKUNY)$ rose 0.60% to $5.02, and eBay Inc. $(EBAY)$ fell 2.73% to $59.52.
Trading volume (51.6 M) eclipsed its 50-day average volume of 34.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 8, 2025.
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April 08, 2025 17:23 ET (21:23 GMT)
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