Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
The Alibaba Group Holding Ltd. ADR (9988.HK) sank 0.08% to $119.44 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.31% to 33,733.96 and the NASDAQ Composite Index falling 0.27% to 11,334.27. This was the ADR's second consecutive day of losses. Alibaba Group Holding Ltd. ADR closed $9.96 below its 52-week high ($129.40), which the company achieved on February 17th.
The ADR demonstrated a mixed performance when compared to some of its competitors Tuesday, as Overstock.com Inc. (OSTK) fell 2.16% to $21.78, Rakuten Group Inc. ADR rose 0.40% to $5.07, and eBay Inc. (EBAY) fell 2.04% to $46.69. Trading volume (7.8 M) remained 17.4 million below its 50-day average volume of 25.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 24, 2023.
(END) Dow Jones Newswires
January 24, 2023 16:40 ET (21:40 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.