DJ Alibaba Group Holding Ltd. ADR Falls Monday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
The Alibaba Group Holding Ltd. ADR $(BABA)$ slid 0.56% to $77.90 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.56% to 16,828.67 and the Dow Jones Industrial Average falling 0.30% to 38,571.03.
This was the ADR's second consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed $24.60 below 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. $(BYON)$ rose 1.39% to $15.34, Rakuten Group Inc. ADR (RKUNY) rose 3.59% to $5.34, and eBay Inc. $(EBAY)$ fell 1.13% to $53.61.
Data source: Dow Jones Market Data, FactSet. Data compiled June 3, 2024.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 03, 2024 17:25 ET (21:25 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments