DJ Alibaba Group Holding Ltd. ADR Rises Friday, Still Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ inched 0.57% higher to $81.26 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.10% to 16,920.79 and the Dow Jones Industrial Average rising 0.01% to 39,069.59.
The ADR's rise snapped a four-day losing streak.
Alibaba Group Holding Ltd. ADR closed $21.24 short of its 52-week high ($102.50), which the company reached on July 31st.
The ADR underperformed when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ rose 2.70% to $15.96, Rakuten Group Inc. ADR (RKUNY) rose 1.32% to $4.95, and eBay Inc. $(EBAY)$ rose 3.03% to $54.41.
Trading volume (41.4 M) eclipsed its 50-day average volume of 16.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2024.
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(END) Dow Jones Newswires
May 24, 2024 17:26 ET (21:26 GMT)
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