DJ Alibaba Group Holding Ltd. ADR Outperforms Competitors On Strong Trading Day
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The Alibaba Group Holding Ltd. ADR $(BABA)$ rose 2.92% to $74.63 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.10% to 15,712.75 and the Dow Jones Industrial Average falling 0.11% to 38,460.92.
This was the ADR's fifth consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed $27.87 short of its 52-week high ($102.50), which the company reached on July 31st.
The ADR outperformed some of its competitors Wednesday, as Beyond Inc. $(BYON)$ fell 5.06% to $22.35, Rakuten Group Inc. ADR (RKUNY) fell 0.61% to $4.91, and eBay Inc. $(EBAY)$ fell 0.14% to $51.18.
Trading volume (16.3 M) eclipsed its 50-day average volume of 14.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 24, 2024.
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(END) Dow Jones Newswires
April 24, 2024 17:26 ET (21:26 GMT)
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