DJ Alibaba Group Holding Ltd. ADR Falls Friday, Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(09988)$ shed 1.16% to $102.18 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.74% to 12,221.91 and the Dow Jones Industrial Average rising 1.26% to 33,274.15. The ADR's fall snapped a three-day winning streak. Alibaba Group Holding Ltd. ADR closed $23.66 below its 52-week high ($125.84), which the company reached on July 8th.
The ADR underperformed when compared to some of its competitors Friday, as Overstock.com Inc. (OSTK) rose 0.60% to $20.27, Rakuten Group Inc. ADR rose 0.21% to $4.67, and eBay Inc. $(EBAY)$ rose 1.05% to $44.37. Trading volume (27.6 M) eclipsed its 50-day average volume of 23.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 31, 2023.
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(END) Dow Jones Newswires
March 31, 2023 16:40 ET (20:40 GMT)
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