Alibaba (BABA) Shares Slide in US Market, Trading Down Over 1% Midday
NEW YORK, NY – Shares of Alibaba Group Holding Ltd (NYSE: BABA), traded as American Depositary Receipts (ADRs) in the US, experienced a decline during the trading session on Wednesday, April 10th. The prominent e-commerce company saw its stock value decrease as the market moved into the afternoon.
As of 12:17:02 PM UTC-4 (Eastern Time), Alibaba ADRs were priced at 1.45, translating to a 1.38% loss for the day’s trading on the New York Stock Exchange (NYSE), according to market data.
The current price places BABA shares below their previous closing value of $104.90. The intraday performance chart shows the stock trending downwards throughout the morning session, with a more pronounced dip occurring around midday. This downward movement reflects the selling pressure on the stock during Wednesday’s trading activity.
