Alibaba Group Holding Ltd. ADR falls on Friday, underperforming the market

Alibaba Group Holding Ltd. ADR
BABA,
-0.40%

slipped 0.40% to $ 267.85 Friday on what turned out to be an all-around positive stock market trading session with the NASDAQ Composite Index
COMP,
+ 0.50%

rising 0.50% to 14,095.47 and the Dow Jones Industrial Average
DJIA,
+ 0.09%

increasing 0.09% to 31,458.40. ADR’s fall snapped up a three-day winning streak. Alibaba Group Holding Ltd. ADR closed $ 51.47 below the 52-week high ($ 319.32) that the company reached on October 27th.

ADR showed a mixed performance compared to some of its competitors on Friday, when Amazon.com Inc.
AMZN,
+ 0.48%

rose 0.48% to $ 3,277.71, eBay Inc.
EBAY,
+ 1.12%

rose 1.12% to $ 63.01 and Rakuten Inc. ADR
RKUNY,
-0.96%

fell 0.96% to $ 10.97. Trading volume (9.2 million) Remained 15.3 million. Below the average volume of 24 days of 24.5 million.

Editor’s Note: This story was automatically generated by Automated insight using data from Dow Jones and FactSet. See our Terms of Use for market data.

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