Alibaba Group Holding Ltd. ADR Underperforms Thursday When Compared To Competitors

Harpoon Therapeutics Inc

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Health Care : Biotechnology | Small Cap Value

Company profile

Harpoon Therapeutics, Inc. is a clinical-stage immunotherapy company. The Company is engaged in the developing a T cell engager that harness the power of the body’s immune system to treat patients suffering from cancer and other diseases. It is developing a pipeline of T cell engagers using its TriTACs, focused on the treatment of solid tumors and hematologic malignancies. It has also nominated its clinical candidate using its ProTriTAC platform, a prodrug version of its TriTAC platform, designed to expand the target space for T cell engagers and bring the benefits of TriTACs to the patients. The Company’s TriTAC product candidates include HPN328, HPN217 and HPN536. The Company’s ProTriTAC product candidate include HPN601. T cell engagers are engineered proteins that direct a patient’s own T cells to kill target cells that express specific proteins, or antigens, carried by the target cells.

Alibaba Group Holding Ltd. ADR Underperforms Thursday When Compared To Competitors

4:40 pm ET February 2, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

The Alibaba Group Holding Ltd. ADR (9988.HK) slid 2.73% to $109.74 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 3.25% to 12,200.82 and the Dow Jones Industrial Average falling 0.11% to 34,053.94. Alibaba Group Holding Ltd. ADR closed $19.66 short of its 52-week high ($129.40), which the company achieved on February 17th.

The ADR underperformed when compared to some of its competitors Thursday, as Overstock.com Inc. (OSTK) rose 3.12% to $25.14, Rakuten Group Inc. ADR rose 0.18% to $5.18, and eBay Inc. (EBAY) rose 2.50% to $51.66. Trading volume (23.3 M) eclipsed its 50-day average volume of 22.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled February 2, 2023.

(END) Dow Jones Newswires

February 02, 2023 16:40 ET (21:40 GMT)