Alibaba Group Holding Ltd. ADR Outperforms Market On Strong Trading Day

Dow Jones2023-10-27

DJ Alibaba Group Holding Ltd. ADR Outperforms Market On Strong Trading Day

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

The Alibaba Group Holding Ltd. ADR $(BABA)$ rose 1.83% to $82.51 Thursday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 1.76% to 12,595.61 and Dow Jones Industrial Average falling 0.76% to 32,784.30.

Alibaba Group Holding Ltd. ADR closed $38.79 short of its 52-week high ($121.30), which the company reached on January 26th.

The ADR outperformed some of its competitors Thursday, as Overstock.com Inc. (OSTK) rose 0.65% to $15.40, Rakuten Group Inc. ADR (RKUNY) fell 2.13% to $3.68, and eBay Inc. $(EBAY)$ fell 2.39% to $38.36.

Trading volume (12.3 M) remained 113,982 below its 50-day average volume of 12.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 26, 2023.

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October 26, 2023 17:25 ET (21:25 GMT)

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