DJ Alibaba Group Holding Ltd. ADR Falls Thursday, Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ slid 0.05% to $82.43 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.25% to 17,127.66 and the Dow Jones Industrial Average falling 0.54% to 40,755.75.
Alibaba Group Holding Ltd. ADR closed $9.33 short of its 52-week high ($91.76), which the company achieved on September 7th.
The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Beyond Inc. $(BYON)$ fell 1.01% to $9.76, Rakuten Group Inc. ADR $(RKUNY)$ rose 2.02% to $7.07, and eBay Inc. $(EBAY)$ rose 0.29% to $59.12.
Trading volume (8.4 M) remained 4.9 million below its 50-day average volume of 13.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 5, 2024.
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(END) Dow Jones Newswires
September 05, 2024 17:25 ET (21:25 GMT)
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