Alibaba Group Holding Ltd. ADR Falls Wednesday, Underperforms Market

Dow Jones2023-11-02

DJ Alibaba Group Holding Ltd. ADR Falls Wednesday, Underperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

The Alibaba Group Holding Ltd. ADR $(BABA)$ slumped 0.07% to $82.48 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.64% to 13,061.47 and the Dow Jones Industrial Average rising 0.67% to 33,274.58.

This was the ADR's second consecutive day of losses.

Alibaba Group Holding Ltd. ADR closed $38.82 short of its 52-week high ($121.30), which the company achieved on January 26th.

Despite its losses, the ADR outperformed some of its competitors Wednesday, as Overstock.com Inc. (OSTK) fell 2.18% to $15.26, Rakuten Group Inc. ADR (RKUNY) fell 1.23% to $3.63, and eBay Inc. $(EBAY)$ fell 1.33% to $38.71.

Trading volume (8.9 M) remained 2.8 million below its 50-day average volume of 11.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2023.

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

November 01, 2023 17:26 ET (21:26 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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ADR <a href=\"https://laohu8.com/S/BABA\">$(BABA)$</a> slumped 0.07% to $82.48 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index  rising 1.64% to 13,061.47 and the Dow Jones Industrial Average  rising 0.67% to 33,274.58. \n</p>\n<p>\n     This was the ADR's second consecutive day of losses. \n</p>\n<p>\n     Alibaba Group Holding Ltd. ADR closed $38.82 short of its 52-week high ($121.30), which the company achieved on January 26th. \n</p>\n<p>\n     Despite its losses, the ADR outperformed some of its competitors Wednesday, as <a href=\"https://laohu8.com/S/OSTK\">Overstock.com</a> Inc. (OSTK) fell 2.18% to $15.26, Rakuten Group Inc. ADR (RKUNY) fell 1.23% to $3.63, and eBay Inc. <a href=\"https://laohu8.com/S/EBAY\">$(EBAY)$</a> fell 1.33% to $38.71. \n</p>\n<p>\n     Trading volume (8.9 M) remained 2.8 million below its 50-day average volume of 11.8 M. \n</p>\n<p>\n     Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2023. \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. 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ADR Falls Wednesday, Underperforms Market\n\n\n  This article was automatically generated by MarketWatch using technology from Automated Insights. \n\n\n     The Alibaba Group ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2380162735","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2380162735","pubTimestamp":1698873960,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"This article was automatically generated by MarketWatch using technology from Automated Insights.The Alibaba Group Holding Ltd. 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ADR Falls Wednesday, Underperforms Market\n\n\n  This article was automatically generated by MarketWatch using technology from Automated Insights. \n\n\n     The Alibaba Group Holding Ltd. ADR $(BABA)$ slumped 0.07% to $82.48 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index  rising 1.64% to 13,061.47 and the Dow Jones Industrial Average  rising 0.67% to 33,274.58. \n\n\n     This was the ADR's second consecutive day of losses. \n\n\n     Alibaba Group Holding Ltd. ADR closed $38.82 short of its 52-week high ($121.30), which the company achieved on January 26th. \n\n\n     Despite its losses, the ADR outperformed some of its competitors Wednesday, as Overstock.com Inc. (OSTK) fell 2.18% to $15.26, Rakuten Group Inc. ADR (RKUNY) fell 1.23% to $3.63, and eBay Inc. $(EBAY)$ fell 1.33% to $38.71. \n\n\n     Trading volume (8.9 M) remained 2.8 million below its 50-day average volume of 11.8 M. \n\n\n     Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2023. \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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