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Alibaba Group Holding Ltd. ADR Falls Wednesday, Still Outperforms Market

Dow Jones12-19

DJ Alibaba Group Holding Ltd. ADR Falls Wednesday, Still Outperforms Market

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

The Alibaba Group Holding Ltd. ADR $(BABA)$ shed 2.47% to $85.00 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 3.56% to 19,392.69 and Dow Jones Industrial Average falling 2.58% to 42,326.87.

Alibaba Group Holding Ltd. ADR closed $32.82 below 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 Wednesday, as Beyond Inc. $(BYON)$ rose 2.81% to $5.12, Rakuten Group Inc. ADR $(RKUNY)$ fell 2.94% to $6.28, and eBay Inc. $(EBAY)$ fell 0.19% to $64.11.

Trading volume (11.2 M) remained 5.2 million below its 50-day average volume of 16.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 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

December 18, 2024 17:21 ET (22:21 GMT)

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

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ADR <a href=\"https://laohu8.com/S/BABA\">$(BABA)$</a> shed 2.47% to $85.00 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index  falling 3.56% to 19,392.69 and Dow Jones Industrial Average  falling 2.58% to 42,326.87. \n</p>\n<p>\n     Alibaba Group Holding Ltd. 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