DJ Alibaba Group Holding Ltd. ADR Outperforms Competitors On Strong Trading Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
The Alibaba Group Holding Ltd. ADR $(BABA)$ rallied 1.86% to $80.99 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.40% to 16,742.39 and the Dow Jones Industrial Average rising 0.88% to 39,908.00.
Alibaba Group Holding Ltd. ADR closed $21.51 short of its 52-week high ($102.50), which the company achieved on July 31st.
The ADR outperformed some of its competitors Wednesday, as Beyond Inc. $(BYON)$ fell 2.57% to $19.30, Rakuten Group Inc. ADR (RKUNY) fell 2.72% to $5.07, and eBay Inc. $(EBAY)$ rose 0.61% to $52.42.
Trading volume (17.7 M) eclipsed its 50-day average volume of 15.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 15, 2024.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 15, 2024 17:26 ET (21:26 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments