DJ Alibaba Group Holding Ltd. ADR Rises Monday, Outperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ rose 2.33% to $70.68 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.11% to 15,451.31 and the Dow Jones Industrial Average rising 0.67% to 38,239.98.
This was the ADR's third consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed $31.82 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 Monday, as Beyond Inc. $(BYON)$ fell 0.61% to $22.66, Rakuten Group Inc. ADR (RKUNY) rose 2.70% to $4.95, and eBay Inc. $(EBAY)$ rose 1.09% to $50.94.
Trading volume (14.9 M) eclipsed its 50-day average volume of 14.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 22, 2024.
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(END) Dow Jones Newswires
April 22, 2024 17:26 ET (21:26 GMT)
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