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The Alibaba Group Holding Ltd. ADR (9988.HK) shed 3.18% to $160.15 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 0.45% to 15,037.76 and Dow Jones Industrial Average falling 0.84% to 34,577.57. This was the ADR's second consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $159.17 short of its 52-week high ($319.32), which the company reached on October 27th.
The ADR underperformed when compared to some of its competitors Tuesday, as Amazon.com Inc. (AMZN) fell 0.21% to $3,450.00, eBay Inc. (EBAY) fell 1.76% to $71.39, and Rakuten Group Inc. ADR rose 1.08% to $10.33. Trading volume (20.6 M) remained 4.5 million below its 50-day average volume of 25.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 14, 2021.
(END) Dow Jones Newswires
September 14, 2021 16:38 ET (20:38 GMT)
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