Alibaba Group Holding Ltd. ADR Falls Tuesday, Underperforms Market
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The Alibaba Group Holding Ltd. ADR (9988.HK) slipped 1.56% to $115.19 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.14% to 11,095.11 and the Dow Jones Industrial Average falling 1.14% to 33,910.85. Alibaba Group Holding Ltd. ADR closed $21.56 short of its 52-week high ($136.75), which the company reached on January 20th.
The ADR underperformed when compared to some of its competitors Tuesday, as Overstock.com Inc. (OSTK) rose 2.98% to $21.11, Rakuten Group Inc. ADR rose 1.41% to $4.89, and eBay Inc. (EBAY) rose 1.10% to $46.77. Trading volume (16.9 M) remained 9.7 million below its 50-day average volume of 26.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 17, 2023.
(END) Dow Jones Newswires
January 17, 2023 16:40 ET (21:40 GMT)
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