DJ Alibaba Group Holding Ltd. ADR Underperforms Friday When Compared To Competitors
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The Alibaba Group Holding Ltd. ADR $(09988)$ slipped 3.52% to $95.72 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.30% to 35,281.40 and the NASDAQ Composite Index falling 0.68% to 13,644.85.
The ADR's fall snapped a two-day winning streak.
Alibaba Group Holding Ltd. ADR closed $25.58 below its 52-week high ($121.30), which the company achieved on January 26th.
The ADR underperformed when compared to some of its competitors Friday, as Overstock.com Inc. (OSTK) rose 1.28% to $31.53, Rakuten Group Inc. ADR fell 0.38% to $3.98, and eBay Inc. $(EBAY)$ rose 2.80% to $44.50.
Trading volume (25.1 M) eclipsed its 50-day average volume of 18.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 11, 2023.
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(END) Dow Jones Newswires
August 11, 2023 17:25 ET (21:25 GMT)
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