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Alibaba Group Holding Ltd. ADR Falls Wednesday, Underperforms Market

Dow Jones11-21 06:22

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 0.39% to $86.77 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.32% to 43,408.47 and the NASDAQ Composite Index falling 0.11% to 18,966.14.

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

Alibaba Group Holding Ltd. ADR closed $31.05 short of its 52-week high ($117.82), which the company achieved on October 7th.

Despite its losses, the ADR outperformed some of its competitors Wednesday, as Beyond Inc. $(BYON)$ fell 3.90% to $5.92, Rakuten Group Inc. ADR $(RKUNY)$ fell 0.54% to $5.57, and eBay Inc. $(EBAY)$ fell 0.46% to $60.82.

Trading volume (14.8 M) remained 7.0 million below its 50-day average volume of 21.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 20, 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

November 20, 2024 17:22 ET (22:22 GMT)

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

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ADR <a href=\"https://laohu8.com/S/BABA\">$(BABA)$</a> slumped 0.39% to $86.77 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average  rising 0.32% to 43,408.47 and the NASDAQ Composite Index  falling 0.11% to 18,966.14. \n</p>\n<p>\n     This was the ADR's second consecutive day of losses. \n</p>\n<p>\n     Alibaba Group Holding Ltd. 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