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The Alibaba Group Holding Ltd. ADR (9988.HK) shed 1.43% to $157.86 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 0.82% to 15,161.53 and the Dow Jones Industrial Average rising 0.68% to 34,814.39. This was the ADR's third consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $161.46 below its 52-week high ($319.32), which the company achieved on October 27th.
The ADR underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) rose 0.75% to $3,475.79, eBay Inc. (EBAY) rose 3.64% to $73.99, and Rakuten Group Inc. ADR fell 0.10% to $10.32. Trading volume (31.7 M) eclipsed its 50-day average volume of 25.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 15, 2021.
(END) Dow Jones Newswires
September 15, 2021 16:39 ET (20:39 GMT)
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