DJ Alibaba Group Holding Ltd. ADR Falls Monday, Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(09988)$ slipped 1.49% to $88.71 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.14% to 13,917.89 and the Dow Jones Industrial Average rising 0.25% to 34,663.72.
Alibaba Group Holding Ltd. ADR closed $32.59 short of its 52-week high ($121.30), which the company achieved on January 26th.
The ADR underperformed when compared to some of its competitors Monday, as Overstock.com Inc. (OSTK) rose 0.19% to $20.95, Rakuten Group Inc. ADR rose 0.76% to $4.00, and eBay Inc. $(EBAY)$ rose 0.18% to $43.51.
Trading volume (15.7 M) remained 2.5 million below its 50-day average volume of 18.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 11, 2023.
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September 11, 2023 17:26 ET (21:26 GMT)
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