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Alibaba Group Holding Ltd. ADR Falls Wednesday, Underperforms Market

Dow Jones2022-06-30

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 slipped 0.63% to $116.03 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.27% to 31,029.31 and the NASDAQ Composite Index COMP falling 0.03% to 11,177.89. This was the ADR's second consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $112.82 short of its 52-week high ($228.85), which the company reached on July 1st.

The ADR underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. AMZN rose 1.42% to $108.92, eBay Inc. EBAY rose 0.05% to $42.67, and Rakuten Group Inc. ADR RKUNY rose 1.10% to $4.58. Trading volume (13.7 M) remained 14.8 million below its 50-day average volume of 28.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 29, 2022.

$(END)$ Dow Jones Newswires

June 29, 2022 16:39 ET (20:39 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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