DJ Alibaba Group Holding Ltd. ADR Underperforms Friday When Compared To Competitors
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The Alibaba Group Holding Ltd. ADR $(BABA)$ slid 0.58% to $84.02 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.12% to 33,670.29 and the NASDAQ Composite Index falling 1.23% to 13,407.23.
This was the ADR's second consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed $37.28 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 Friday, as Overstock.com Inc. (OSTK) fell 0.07% to $15.02, Rakuten Group Inc. ADR (RKUNY) fell 3.31% to $3.80, and eBay Inc. $(EBAY)$ fell 1.97% to $41.79.
Trading volume (10.2 M) remained 3.7 million below its 50-day average volume of 13.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 13, 2023.
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October 13, 2023 17:25 ET (21:25 GMT)
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