DJ Alibaba Group Holding Ltd. ADR Underperforms Monday When Compared To Competitors Despite Daily Gains
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The Alibaba Group Holding Ltd. ADR $(BABA)$ rallied 5.70% to $84.60 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.29% to 16,388.24 and the Dow Jones Industrial Average falling 0.21% to 39,431.51.
This was the ADR's third consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed $17.90 below its 52-week high ($102.50), which the company achieved on July 31st.
The ADR demonstrated a mixed performance when compared to some of its competitors Monday, as Beyond Inc. $(BYON)$ rose 17.38% to $19.79, Rakuten Group Inc. ADR (RKUNY) fell 1.64% to $5.09, and eBay Inc. $(EBAY)$ rose 1.94% to $51.99.
Trading volume (31.5 M) eclipsed its 50-day average volume of 14.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 13, 2024.
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(END) Dow Jones Newswires
May 13, 2024 17:26 ET (21:26 GMT)
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