Alibaba Group Holding Ltd. ADR Falls Monday, Underperforms Market

Dow Jones10-22

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 $(BABA)$ slid 1.48% to $100.91 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.27% to 18,540.00 and the Dow Jones Industrial Average falling 0.80% to 42,931.60.

Alibaba Group Holding Ltd. ADR closed $16.91 below its 52-week high ($117.82), which the company reached on October 7th.

The ADR underperformed when compared to some of its competitors Monday, as Beyond Inc. $(BYON)$ fell 1.05% to $10.41, Rakuten Group Inc. ADR $(RKUNY)$ rose 3.14% to $6.25, and eBay Inc. $(EBAY)$ fell 1.22% to $64.16.

Trading volume (9.7 M) remained 12.0 million below its 50-day average volume of 21.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 21, 2024.

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

October 21, 2024 17:23 ET (21:23 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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ADR <a href=\"https://laohu8.com/S/BABA\">$(BABA)$</a> slid 1.48% to $100.91 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index  rising 0.27% to 18,540.00 and the Dow Jones Industrial Average  falling 0.80% to 42,931.60. \n</p>\n<p>\n     Alibaba Group Holding Ltd. 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