DJ Alibaba Group Holding Ltd. ADR Rises Thursday, Still Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ inched 0.35% higher to $74.85 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 1.68% to 16,442.20 and the Dow Jones Industrial Average falling 0.01% to 38,459.08.
This was the ADR's fourth consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed $27.65 short of its 52-week high ($102.50), which the company reached on July 31st.
The ADR outperformed some of its competitors Thursday, as Beyond Inc. $(BYON)$ fell 3.69% to $27.39, Rakuten Group Inc. ADR (RKUNY) fell 0.35% to $5.74, and eBay Inc. $(EBAY)$ fell 1.09% to $51.89.
Trading volume (14.6 M) remained 1.7 million below its 50-day average volume of 16.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 11, 2024.
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(END) Dow Jones Newswires
April 11, 2024 17:26 ET (21:26 GMT)
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