DJ Alibaba Group Holding Ltd. ADR Rises Friday, Outperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ inched 0.28% higher to $69.07 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.56% to 37,986.40 and the NASDAQ Composite Index falling 2.05% to 15,282.01.
This was the ADR's second consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed $33.43 short of its 52-week high ($102.50), which the company reached on July 31st.
The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ fell 0.96% to $22.80, Rakuten Group Inc. ADR (RKUNY) fell 4.93% to $4.82, and eBay Inc. $(EBAY)$ rose 0.88% to $50.39.
Trading volume (12.9 M) remained 1.8 million below its 50-day average volume of 14.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 19, 2024.
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(END) Dow Jones Newswires
April 19, 2024 17:26 ET (21:26 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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