Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day

Dow Jones
2023-09-13

DJ Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day

This article was automatically generated by MarketWatch using technology from Automated Insights.

The Alibaba Group Holding Ltd. ADR $(09988)$ slumped 0.46% to $88.30 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 1.04% to 13,773.61 and Dow Jones Industrial Average falling 0.05% to 34,645.99.

This was the ADR's second consecutive day of losses.

Alibaba Group Holding Ltd. ADR closed $33.00 short of 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 Tuesday, as Overstock.com Inc. (OSTK) fell 3.05% to $20.31, Rakuten Group Inc. ADR rose 3.00% to $4.12, and eBay Inc. $(EBAY)$ remained unchanged.

Trading volume (10.2 M) remained 8.0 million below its 50-day average volume of 18.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled September 12, 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

September 12, 2023 17:27 ET (21:27 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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