DJ Alibaba Group Holding Ltd. ADR Rises Friday, Still Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(09988)$ inched 0.09% higher to $90.05 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.09% to 13,761.53 and the Dow Jones Industrial Average rising 0.22% to 34,576.59.
The ADR's rise snapped a three-day losing streak.
Alibaba Group Holding Ltd. ADR closed $31.25 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 Friday, as Overstock.com Inc. (OSTK) rose 1.55% to $20.91, Rakuten Group Inc. ADR rose 1.02% to $3.97, and eBay Inc. $(EBAY)$ rose 0.72% to $43.43.
Trading volume (10.3 M) remained 8.0 million below its 50-day average volume of 18.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 8, 2023.
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September 08, 2023 17:26 ET (21:26 GMT)
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