Baba Stock – Alibaba Group Holding Ltd. ADR underperforms Monday when compared to competitors
The Alibaba Group Holding Ltd. ADR
slid 1.11% to $237.12 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index
rising 1.23% to 13,377.54 and the Dow Jones Industrial Average
rising 0.32% to 32,731.20. The ADR’s fall snapped a three-day winning streak. Alibaba Group Holding Ltd. ADR closed $82.20 below its 52-week high ($319.32), which the company achieved on October 27th.
The ADR underperformed when compared to some of its competitors Monday, as Amazon.com Inc.
rose 1.17% to $3,110.87, eBay Inc.
rose 0.94% to $60.29, and Rakuten Inc. ADR
rose 0.96% to $13.73. Trading volume (11.3 M) remained 6.4 million below its 50-day average volume of 17.8 M.