DJ Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day
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The Alibaba Group Holding Ltd. ADR $(09988)$ shed 0.35% to $96.56 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 0.61% to 13,994.40 and the Dow Jones Industrial Average rising 1.16% to 35,473.13.
This was the ADR's second consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed $24.74 below its 52-week high ($121.30), which the company achieved on January 26th.
The ADR demonstrated a mixed performance when compared to some of its competitors Monday, as Overstock.com Inc. (OSTK) fell 3.22% to $32.77, Rakuten Group Inc. ADR fell 0.25% to $3.97, and eBay Inc. $(EBAY)$ rose 1.86% to $43.85.
Trading volume (12.5 M) remained 5.7 million below its 50-day average volume of 18.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 7, 2023.
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(END) Dow Jones Newswires
August 07, 2023 17:26 ET (21:26 GMT)
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