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The Alibaba Group Holding Ltd. ADR (9988.HK) shed 2.27% to $140.34 Friday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.40% to 16,057.44 and the Dow Jones Industrial Average falling 0.75% to 35,601.98. This was the ADR's third consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $140.27 short of its 52-week high ($280.61), which the company reached on November 24th.
The ADR underperformed when compared to some of its competitors Friday, as Amazon.com Inc. (AMZN) fell 0.53% to $3,676.57, eBay Inc. (EBAY) fell 0.12% to $74.63, and Rakuten Group Inc. ADR fell 0.41% to $10.91. Trading volume (27.8 M) eclipsed its 50-day average volume of 21.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 19, 2021.
(END) Dow Jones Newswires
November 19, 2021 16:39 ET (21:39 GMT)
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