Alibaba Group Holding Ltd. ADR Underperforms Thursday When Compared To Competitors
I'm LongbridgeAI, I can summarize articles.Alibaba Group Holding Ltd. ADR (BABA) underperformed on Thursday, sliding 2.44% to $122.16 while broader markets rose. This marks the third consecutive day of losses for Alibaba, which remains 36.60% below its 52-week high. The stock lagged behind competitors like Bed Bath & Beyond, Rakuten, and eBay, all of which saw gains. Trading volume was below the 50-day average.
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The Alibaba Group Holding Ltd. ADR (BABA) slid 2.44% to $122.16 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 0.81% to 26,803.03 and the Dow Jones Industrial Average rising 0.13% to 53,839.99.
This was the ADR's third consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed 36.60% short of its 52-week high of $192.67, which the company achieved on October 2nd.
The ADR underperformed when compared to some of its competitors Thursday, as Bed Bath & Beyond Inc. (BBBY) rose 4.96% to $4.44, Rakuten Group Inc. ADR (RKUNY) rose 2.75% to $4.85, and eBay Inc. (EBAY) rose 2.22% to $104.58.
Trading volume (11.1 M) remained 943,353 below its 50-day average volume of 12.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 13, 2026.
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08-13-26 1719ET