Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day
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Alibaba Group Holding Ltd. ADR (BABA) fell 1.82% to $162.39 on a poor trading day, with the NASDAQ down 2.39% and the Dow Jones down 1.76%. This marks the ADR's second consecutive day of losses, now 15.72% below its 52-week high of $192.67. Compared to competitors like Bed Bath & Beyond, Rakuten, and eBay, Alibaba's performance was mixed. Trading volume was 9.8 million, below the 50-day average of 12.5 million.
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