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The Alibaba Group Holding Ltd. ADR (9988.HK) slipped 1.01% to $156.26 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.13% to 15,181.92 and the Dow Jones Industrial Average falling 0.18% to 34,751.32. This was the ADR's fourth consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $163.06 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 Thursday, as Amazon.com Inc. (AMZN) rose 0.36% to $3,488.24, eBay Inc. (EBAY) rose 0.96% to $74.70, and Rakuten Group Inc. ADR fell 0.39% to $10.28. Trading volume (24.3 M) remained 955,196 below its 50-day average volume of 25.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 16, 2021.
(END) Dow Jones Newswires
September 16, 2021 16:39 ET (20:39 GMT)
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