Alibaba Group Holding Ltd. ADR Underperforms Thursday When Compared To Competitors
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Alibaba Group Holding Ltd. ADR (BABA) fell 2.23% to $131.47 on Thursday, marking its second consecutive day of losses. The stock is now 31.76% below its 52-week high of $192.67. In contrast, competitors like Bed Bath & Beyond Inc. rose 8.94%, while Rakuten Group Inc. and eBay Inc. saw declines. The NASDAQ Composite Index increased by 0.09% and the Dow Jones Industrial Average by 0.55%. Trading volume for Alibaba was 12.6 million, above its 50-day average of 11.4 million.
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