DJ Alibaba Group Holding Ltd. ADR Underperforms Monday When Compared To Competitors
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The Alibaba Group Holding Ltd. ADR $(BABA)$ shed 1.09% to $84.13 Monday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 1.19% to 19,486.78 and Dow Jones Industrial Average falling 0.97% to 42,573.73.
This was the ADR's second consecutive day of losses.
Alibaba Group Holding Ltd. ADR closed $33.69 below its 52-week high ($117.82), which the company reached on October 7th.
The ADR demonstrated a mixed performance when compared to some of its competitors Monday, as Beyond Inc. $(BYON)$ rose 5.19% to $4.86, Rakuten Group Inc. ADR $(RKUNY)$ fell 0.92% to $5.40, and eBay Inc. $(EBAY)$ fell 1.19% to $62.06.
Data source: Dow Jones Market Data, FactSet. Data compiled December 30, 2024.
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(END) Dow Jones Newswires
December 30, 2024 17:29 ET (22:29 GMT)
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