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.
Comments