Alibaba Group Holding Ltd. ADR Falls Thursday, Underperforms Market

Dow Jones10-25

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

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

The Alibaba Group Holding Ltd. ADR $(BABA)$ slipped 1.67% to $96.36 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.76% to 18,415.49 and the Dow Jones Industrial Average falling 0.33% to 42,374.36.

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

Alibaba Group Holding Ltd. ADR closed $21.46 short of its 52-week high ($117.82), which the company reached on October 7th.

The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Beyond Inc. $(BYON)$ fell 29.73% to $6.69, Rakuten Group Inc. ADR $(RKUNY)$ rose 0.17% to $5.89, and eBay Inc. $(EBAY)$ fell 0.13% to $63.59.

Trading volume (13.4 M) remained 8.6 million below its 50-day average volume of 22.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 24, 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 24, 2024 17:22 ET (21:22 GMT)

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

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ADR <a href=\"https://laohu8.com/S/BABA\">$(BABA)$</a> slipped 1.67% to $96.36 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index  rising 0.76% to 18,415.49 and the Dow Jones Industrial Average  falling 0.33% to 42,374.36. \n</p>\n<p>\n     This was the ADR's fourth consecutive day of losses. \n</p>\n<p>\n     Alibaba Group Holding Ltd. ADR closed $21.46 short of its 52-week high ($117.82), which the company reached on October 7th. \n</p>\n<p>\n     The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Beyond Inc. <a href=\"https://laohu8.com/S/BYON\">$(BYON)$</a> fell 29.73% to $6.69, <a href=\"https://laohu8.com/S/RKUNF\">Rakuten Group Inc.</a> ADR <a href=\"https://laohu8.com/S/RKUNY\">$(RKUNY)$</a> rose 0.17% to $5.89, and eBay Inc. <a href=\"https://laohu8.com/S/EBAY\">$(EBAY)$</a> fell 0.13% to $63.59. \n</p>\n<p>\n     Trading volume (13.4 M) remained 8.6 million below its 50-day average volume of 22.0 M. \n</p>\n<p>\n     Data source: Dow Jones Market Data, FactSet. Data compiled October 24, 2024. \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. 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