Alibaba Stock – Alibaba Group Holding Ltd. ADR underperforms Friday when compared to competitors
The Alibaba Group Holding Ltd. ADR
shed 1.01% to $237.76 Friday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index
rising 0.56% to 13,192.34 and the Dow Jones Industrial Average
falling 1.50% to 30,932.37. This was the ADR’s seventh consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $81.56 below its 52-week high ($319.32), which the company achieved on October 27th.
The ADR underperformed when compared to some of its competitors Friday, as Amazon.com Inc.
rose 1.17% to $3,092.93, eBay Inc.
fell 0.67% to $56.42, and Rakuten Inc. ADR
fell 0.54% to $11.03. Trading volume (17.3 M) remained 7.2 million below its 50-day average volume of 24.6 M.