DJ Alibaba Group Holding Ltd. ADR Outperforms Market On Strong Trading Day
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The Alibaba Group Holding Ltd. ADR $(BABA)$ inched 0.73% higher to $80.04 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.32% to 39,512.84 and the NASDAQ Composite Index falling 0.03% to 16,340.87.
This was the ADR's second consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed $22.46 below 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 3.49% to $16.86, Rakuten Group Inc. ADR (RKUNY) rose 1.37% to $5.17, and eBay Inc. $(EBAY)$ rose 1.31% to $51.00.
Trading volume (10.8 M) remained 3.4 million below its 50-day average volume of 14.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 10, 2024.
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(END) Dow Jones Newswires
May 10, 2024 17:26 ET (21:26 GMT)
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