Baba Stock – Alibaba Group Holding Ltd. ADR underperforms Friday when compared to competitors
The Alibaba Group Holding Ltd. ADR
slumped 0.49% to $225.31 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
rising 0.88% to 13,752.24 and the Dow Jones Industrial Average
rising 0.66% to 34,777.76. This was the ADR’s seventh consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $94.01 below its 52-week high ($319.32), which the company reached on October 27th.
The ADR underperformed when compared to some of its competitors Friday, as Amazon.com Inc.
fell 0.45% to $3,291.61, eBay Inc.
rose 1.63% to $59.78, and Rakuten Group Inc. ADR
rose 0.91% to $12.22. Trading volume (10.5 M) remained 4.9 million below its 50-day average volume of 15.4 M.