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 1.41% to $84.85 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.39% to 13,484.24 and the Dow Jones Industrial Average rising 0.59% to 33,604.65.
Alibaba Group Holding Ltd. ADR closed $36.45 below 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 Monday, as Overstock.com Inc. (OSTK) fell 7.56% to $16.14, Rakuten Group Inc. ADR (RKUNY) rose 2.08% to $3.92, and eBay Inc. $(EBAY)$ rose 0.79% to $43.35.
Trading volume (10.4 M) remained 4.1 million below its 50-day average volume of 14.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 9, 2023.
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(END) Dow Jones Newswires
October 09, 2023 17:25 ET (21:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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