DJ Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day
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The Alibaba Group Holding Ltd. ADR $(BABA)$ shed 0.29% to $88.28 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.65% to 16,794.87 and the Dow Jones Industrial Average falling 0.49% to 39,806.77.
The ADR's fall snapped a three-day winning streak.
Alibaba Group Holding Ltd. ADR closed $14.22 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. $(BYON)$ fell 3.62% to $17.32, Rakuten Group Inc. ADR (RKUNY) rose 2.32% to $5.20, and eBay Inc. $(EBAY)$ fell 0.47% to $51.24.
Trading volume (16.7 M) eclipsed its 50-day average volume of 16.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 20, 2024.
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(END) Dow Jones Newswires
May 20, 2024 17:26 ET (21:26 GMT)
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