DJ Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day
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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.
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(END) Dow Jones Newswires
September 12, 2023 17:27 ET (21:27 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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