Alibaba Group Holding Ltd. ADR Falls Monday, Underperforms Market

Dow Jones
2023-09-19

DJ Alibaba Group Holding Ltd. ADR Falls Monday, Underperforms Market

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

The Alibaba Group Holding Ltd. ADR $(BABA)$ slid 0.06% to $87.02 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.01% to 13,710.24 and the Dow Jones Industrial Average rising 0.02% to 34,624.30.

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

Alibaba Group Holding Ltd. ADR closed $34.28 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 Monday, as Overstock.com Inc. (OSTK) fell 5.74% to $18.73, Rakuten Group Inc. ADR (RKUNY) rose 0.24% to $4.21, and eBay Inc. $(EBAY)$ fell 1.46% to $43.91.

Trading volume (9.3 M) remained 8.9 million below its 50-day average volume of 18.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled September 18, 2023.

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(END) Dow Jones Newswires

September 18, 2023 17:26 ET (21:26 GMT)

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

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