DJ Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day
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The Alibaba Group Holding Ltd. ADR $(BABA)$ slid 0.24% to $86.53 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.67% to 13,307.77 and the Dow Jones Industrial Average falling 0.22% to 33,433.35.
Alibaba Group Holding Ltd. ADR closed $34.77 below its 52-week high ($121.30), which the company reached on January 26th.
Despite its losses, the ADR outperformed some of its competitors Monday, as Overstock.com Inc. (OSTK) fell 4.93% to $15.04, Rakuten Group Inc. ADR (RKUNY) fell 8.02% to $3.85, and eBay Inc. $(EBAY)$ fell 1.22% to $43.55.
Trading volume (8.2 M) remained 7.4 million below its 50-day average volume of 15.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 2, 2023.
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(END) Dow Jones Newswires
October 02, 2023 17:25 ET (21:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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