DJ Alibaba Group Holding Ltd. ADR Rises Thursday, Still Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ advanced 1.13% to $83.41 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.78% to 13,294.19 and the Dow Jones Industrial Average rising 1.70% to 33,839.08.
The ADR's rise snapped a two-day losing streak.
Alibaba Group Holding Ltd. ADR closed $37.89 below its 52-week high ($121.30), which the company achieved on January 26th.
The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Overstock.com Inc. (OSTK) rose 4.26% to $15.91, Rakuten Group Inc. ADR (RKUNY) rose 1.24% to $3.67, and eBay Inc. $(EBAY)$ rose 0.72% to $38.99.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2023.
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(END) Dow Jones Newswires
November 02, 2023 17:27 ET (21:27 GMT)
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