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Alibaba Group Holding Ltd. ADR Rises Friday, Outperforms Market

Dow Jones07-27

DJ Alibaba Group Holding Ltd. ADR Rises Friday, Outperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

The Alibaba Group Holding Ltd. ADR $(BABA)$ advanced 1.50% to $76.53 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.03% to 17,357.88 and the Dow Jones Industrial Average rising 1.64% to 40,589.34.

The ADR's rise snapped a three-day losing streak.

Alibaba Group Holding Ltd. ADR closed $25.97 below its 52-week high ($102.50), which the company achieved on July 31st.

The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ rose 3.21% to $13.81, Rakuten Group Inc. ADR (RKUNY) fell 1.11% to $5.36, and eBay Inc. $(EBAY)$ rose 2.00% to $54.18.

Trading volume (10.9 M) remained 4.7 million below its 50-day average volume of 15.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled July 26, 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

July 26, 2024 17:25 ET (21:25 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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ADR <a href=\"https://laohu8.com/S/BABA\">$(BABA)$</a> advanced 1.50% to $76.53 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index  rising 1.03% to 17,357.88 and the Dow Jones Industrial Average  rising 1.64% to 40,589.34. \n</p>\n<p>\n     The ADR's rise snapped a three-day losing streak. \n</p>\n<p>\n     Alibaba Group Holding Ltd. ADR closed $25.97 below its 52-week high ($102.50), which the company achieved on July 31st. \n</p>\n<p>\n     The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Beyond Inc. <a href=\"https://laohu8.com/S/BYON\">$(BYON)$</a> rose 3.21% to $13.81, Rakuten Group Inc. 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