This article was automatically generated by MarketWatch using technology from Automated Insights.
The Alibaba Group Holding Ltd. ADR (9988.HK) slipped 1.99% to $167.32 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 0.25% to 15,248.25 and Dow Jones Industrial Average falling 0.43% to 34,879.38. This was the ADR's second consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $152.00 short of its 52-week high ($319.32), which the company achieved on October 27th.
The ADR underperformed when compared to some of its competitors Thursday, as Amazon.com Inc. (AMZN) fell 1.17% to $3,484.16, eBay Inc. (EBAY) fell 1.26% to $73.00, and Rakuten Group Inc. ADR fell 1.35% to $10.24. Trading volume (17.2 M) remained 7.6 million below its 50-day average volume of 24.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 9, 2021.
(END) Dow Jones Newswires
September 09, 2021 16:39 ET (20:39 GMT)
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