Alibaba Group Holding Ltd. ADR Rises Wednesday, Outperforms Market

Dow Jones2022-11-24

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

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

The Alibaba Group Holding Ltd. ADR $(09988)$ rose 3.30% to $78.50 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 0.99% to 11,285.32 and the Dow Jones Industrial Average rising 0.28% to 34,194.06. The ADR's rise snapped a three-day losing streak. Alibaba Group Holding Ltd. ADR closed $60.20 short of its 52-week high ($138.70), which the company reached on January 12th.

The ADR outperformed some of its competitors Wednesday, as Amazon.com Inc. $(AMZN)$ rose 1.00% to $94.13, eBay Inc. $(EBAY)$ rose 0.22% to $45.23, and Rakuten Group Inc. ADR rose 0.87% to $4.64. Trading volume (19.0 M) remained 6.5 million below its 50-day average volume of 25.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2022.

(END) Dow Jones Newswires

November 23, 2022 16:38 ET (21:38 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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ADR <a href=\"https://laohu8.com/S/09988\">$(09988)$</a> rose 3.30% to $78.50 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index  rising 0.99% to 11,285.32 and the Dow Jones Industrial Average  rising 0.28% to 34,194.06. The ADR's rise snapped a three-day losing streak.  Alibaba Group Holding Ltd. ADR closed $60.20 short of its 52-week high ($138.70), which the company reached on January 12th. \n</p>\n<p>\n  The ADR outperformed some of its competitors Wednesday, as Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> rose 1.00% to $94.13, eBay Inc. <a href=\"https://laohu8.com/S/EBAY\">$(EBAY)$</a> rose 0.22% to $45.23, and Rakuten Group Inc. ADR  rose 0.87% to $4.64. Trading volume (19.0 M) remained 6.5 million below its 50-day average volume of 25.5 M. \n</p>\n<p>\n  Data source: Dow Jones Market Data, FactSet. 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ADR Rises Wednesday, Outperforms Market\n\n\n  This article was automatically generated by MarketWatch using technology from Automated Insights. \n\n\n  The Alibaba Group Holding Ltd. ADR $(09988)$ rose 3.30% to $78.50 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index  rising 0.99% to 11,285.32 and the Dow Jones Industrial Average  rising 0.28% to 34,194.06. The ADR's rise snapped a three-day losing streak.  Alibaba Group Holding Ltd. ADR closed $60.20 short of its 52-week high ($138.70), which the company reached on January 12th. \n\n\n  The ADR outperformed some of its competitors Wednesday, as Amazon.com Inc. $(AMZN)$ rose 1.00% to $94.13, eBay Inc. $(EBAY)$ rose 0.22% to $45.23, and Rakuten Group Inc. ADR  rose 0.87% to $4.64. Trading volume (19.0 M) remained 6.5 million below its 50-day average volume of 25.5 M. \n\n\n  Data source: Dow Jones Market Data, FactSet. 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