DJ Alibaba Group Holding Ltd. ADR Rises Monday, Still Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
The Alibaba Group Holding Ltd. ADR $(BABA)$ inched 0.35% higher to $84.31 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.20% to 13,567.98 and the Dow Jones Industrial Average rising 0.93% to 33,984.54.
The ADR's rise snapped a two-day losing streak.
Alibaba Group Holding Ltd. ADR closed $36.99 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) rose 14.85% to $17.25, Rakuten Group Inc. ADR (RKUNY) rose 0.26% to $3.81, and eBay Inc. $(EBAY)$ rose 1.63% to $42.47.
Trading volume (10.1 M) remained 3.8 million below its 50-day average volume of 13.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 16, 2023.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
October 16, 2023 17:25 ET (21:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。