
Alibaba Group Holding Ltd. ADR Falls Thursday, Underperforms Market

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Alibaba Group Holding Ltd. ADR (BABA) fell 3.46% to $131.70 on Thursday, underperforming the market as the NASDAQ Composite Index dropped 0.89% and the Dow Jones Industrial Average fell 0.36%. The stock is currently 31.64% below its 52-week high of $192.67 reached on October 2nd. Competitors like Bed Bath & Beyond, Rakuten Group, and eBay also experienced declines. Trading volume was 10.7 million, slightly below the 50-day average of 10.9 million.
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