DJ Alibaba Group Holding Ltd. ADR Falls Monday, Still Outperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ slipped 0.94% to $70.62 Monday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 1.79% to 15,885.02 and Dow Jones Industrial Average falling 0.65% to 37,735.11.
This was the ADR's second consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed $31.88 short of its 52-week high ($102.50), which the company reached on July 31st.
The ADR demonstrated a mixed performance when compared to some of its competitors Monday, as Beyond Inc. $(BYON)$ fell 6.48% to $24.68, Rakuten Group Inc. ADR (RKUNY) fell 2.19% to $5.57, and eBay Inc. $(EBAY)$ fell 0.82% to $50.89.
Trading volume (15.5 M) remained 861,708 below its 50-day average volume of 16.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 15, 2024.
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(END) Dow Jones Newswires
April 15, 2024 17:26 ET (21:26 GMT)
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