DJ Alibaba Group Holding Ltd. ADR Falls Monday, Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ shed 1.22% to $87.22 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.45% to 13,271.32 and the Dow Jones Industrial Average rising 0.13% to 34,006.88.
Alibaba Group Holding Ltd. ADR closed $34.08 short of its 52-week high ($121.30), which the company reached on January 26th.
The ADR underperformed when compared to some of its competitors Monday, as Overstock.com Inc. (OSTK) fell 0.12% to $17.30, Rakuten Group Inc. ADR (RKUNY) fell 1.19% to $4.14, and eBay Inc. $(EBAY)$ rose 1.60% to $43.82.
Trading volume (9.6 M) remained 6.9 million below its 50-day average volume of 16.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 25, 2023.
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(END) Dow Jones Newswires
September 25, 2023 17:25 ET (21:25 GMT)
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