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Alibaba Group Holding Ltd. ADR Outperforms Market Despite Losses On The Day

Dow Jones03-28

DJ Alibaba Group Holding Ltd. ADR Outperforms Market Despite Losses On The Day

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

The Alibaba Group Holding Ltd. ADR $(BABA)$ slid 2.36% to $132.43 Friday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 2.70% to 17,322.99 and Dow Jones Industrial Average falling 1.69% to 41,583.90.

Alibaba Group Holding Ltd. ADR closed 10.78% below its 52-week high of $148.43, which the company achieved on March 17th.

The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ fell 5.01% to $5.31, Rakuten Group Inc. ADR $(RKUNY)$ fell 2.36% to $5.78, and eBay Inc. $(EBAY)$ rose 0.52% to $67.16.

Trading volume (13.1 M) remained 18.8 million below its 50-day average volume of 31.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 28, 2025.

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

March 28, 2025 17:22 ET (21:22 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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