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Alibaba Group Holding Ltd. ADR Falls Wednesday, Underperforms Market

DowjonesNews MarketWatch ·  Oct 28, 2021 04:40

This article was automatically generated by MarketWatch using technology from Automated Insights.

The Alibaba Group Holding Ltd. ADR (9988.HK) slumped 0.45% to $169.23 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.00% to 15,235.84 and the Dow Jones Industrial Average falling 0.74% to 35,490.69. This was the ADR's third consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $146.35 short of its 52-week high ($315.58), which the company reached on October 29th.

The ADR demonstrated a mixed performance when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) rose 0.49% to $3,392.49, eBay Inc. (EBAY) fell 1.07% to $77.66, and Rakuten Group Inc. ADR fell 1.00% to $10.94. Trading volume (11.6 M) remained 15.8 million below its 50-day average volume of 27.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 27, 2021.

-MarketWatch Automation

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