Alibaba Group Holding Ltd. ADR Underperforms Monday When Compared To Competitors
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The Alibaba Group Holding Ltd. ADR (9988.HK) slid 0.28% to $119.53 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.01% to 11,364.41 and the Dow Jones Industrial Average rising 0.76% to 33,629.56. The ADR's fall snapped a two-day winning streak. Alibaba Group Holding Ltd. ADR closed $9.87 short of its 52-week high ($129.40), which the company achieved on February 17th.
The ADR underperformed when compared to some of its competitors Monday, as Overstock.com Inc. (OSTK) rose 3.97% to $22.26, Rakuten Group Inc. ADR rose 2.02% to $5.05, and eBay Inc. (EBAY) rose 2.14% to $47.66. Trading volume (13.5 M) remained 11.8 million below its 50-day average volume of 25.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 23, 2023.
(END) Dow Jones Newswires
January 23, 2023 16:39 ET (21:39 GMT)
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