The Alibaba Group Holding Ltd. ADR BABA, -2.33% slipped 2.33% to $264.51 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index COMP, -0.72% falling 0.72% to 13,865.36 and Dow Jones Industrial Average DJIA, -0.38% falling 0.38% to 31,493.34. The ADR’s fall snapped a two-day winning streak. Alibaba Group Holding Ltd. ADR closed $54.81 below its 52-week high ($319.32), which the company reached on October 27th.
The ADR underperformed when compared to some of its competitors Thursday, as Amazon.com Inc. AMZN, +0.59% rose 0.59% to $3,328.23, eBay Inc. EBAY, -0.40% fell 0.40% to $62.80, and Rakuten Inc. ADR RKUNY, -0.56% fell 0.56% to $10.62. Trading volume (12.8 M) remained 11.3 million below its 50-day average volume of 24.1 M.