DJ Alibaba Group Holding Ltd. ADR Rises Monday, Still Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ inched 0.27% higher to $81.55 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.19% to 16,349.25 and the Dow Jones Industrial Average rising 0.46% to 38,852.27.
This was the ADR's fourth consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed $20.95 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 1.75% to $21.89, Rakuten Group Inc. ADR (RKUNY) rose 0.40% to $4.96, and eBay Inc. $(EBAY)$ fell 0.54% to $49.38.
Trading volume (11.5 M) remained 2.9 million below its 50-day average volume of 14.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2024.
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(END) Dow Jones Newswires
May 06, 2024 17:26 ET (21:26 GMT)
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