DJ Alibaba Group Holding Ltd. ADR Rises Monday, Still Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(09988)$ inched 0.61% higher to $88.57 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 1.56% to 13,497.59 and the Dow Jones Industrial Average falling 0.11% to 34,463.69.
Alibaba Group Holding Ltd. ADR closed $32.73 short of its 52-week high ($121.30), which the company achieved on January 26th.
The ADR outperformed some of its competitors Monday, as Overstock.com Inc. (OSTK) fell 4.83% to $25.03, Rakuten Group Inc. ADR fell 0.40% to $3.71, and eBay Inc. $(EBAY)$ rose 0.12% to $43.04.
Trading volume (14.1 M) remained 5.0 million below its 50-day average volume of 19.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 21, 2023.
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August 21, 2023 17:26 ET (21:26 GMT)
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