DJ Alibaba Group Holding Ltd. ADR Underperforms Tuesday When Compared To Competitors
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The Alibaba Group Holding Ltd. ADR $(09988)$ slid 0.38% to $94.65 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.08% to 14,020.95 and Dow Jones Industrial Average falling 0.56% to 34,641.97.
Alibaba Group Holding Ltd. ADR closed $26.65 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 Tuesday, as Overstock.com Inc. (OSTK) rose 3.35% to $27.43, Rakuten Group Inc. ADR fell 2.53% to $3.86, and eBay Inc. $(EBAY)$ fell 1.80% to $44.29.
Trading volume (9.9 M) remained 8.4 million below its 50-day average volume of 18.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 5, 2023.
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(END) Dow Jones Newswires
September 05, 2023 17:26 ET (21:26 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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