DJ Alibaba Group Holding Ltd. ADR Rises Thursday, Still Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(09988)$ inched 0.41% higher to $88.00 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.81% to 13,926.05 and the Dow Jones Industrial Average rising 0.96% to 34,907.11.
The ADR's rise snapped a three-day losing streak.
Alibaba Group Holding Ltd. ADR closed $33.30 below its 52-week high ($121.30), which the company reached on January 26th.
The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Overstock.com Inc. (OSTK) fell 2.01% to $20.97, Rakuten Group Inc. ADR rose 3.09% to $4.17, and eBay Inc. $(EBAY)$ rose 1.49% to $44.36.
Trading volume (8.6 M) remained 9.6 million below its 50-day average volume of 18.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 14, 2023.
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(END) Dow Jones Newswires
September 14, 2023 17:26 ET (21:26 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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