DJ Alibaba Group Holding Ltd. ADR Rises Thursday, Outperforms Market
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The Alibaba Group Holding Ltd. ADR $(09988)$ inched 0.03% higher to $103.11 Thursday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 1.78% to 11,855.83 and Dow Jones Industrial Average falling 1.26% to 33,696.85. The ADR's rise snapped a two-day losing streak. Alibaba Group Holding Ltd. ADR closed $26.29 below its 52-week high ($129.40), which the company reached on February 17th.
The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Overstock.com Inc. (OSTK) fell 5.75% to $21.80, Rakuten Group Inc. ADR rose 0.38% to $5.33, and eBay Inc. $(EBAY)$ fell 1.99% to $48.66. Trading volume (19.7 M) remained 502,168 below its 50-day average volume of 20.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 16, 2023.
(END) Dow Jones Newswires
February 16, 2023 16:39 ET (21:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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