DJ Alibaba Group Holding Ltd. ADR Rises Thursday, Outperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
The Alibaba Group Holding Ltd. ADR $(BABA)$ inched 0.19% higher to $84.95 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 0.16% to 19,280.79 and Dow Jones Industrial Average falling 0.36% to 42,392.27.
This was the ADR's second consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed $32.87 below its 52-week high ($117.82), which the company reached on October 7th.
The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Beyond Inc. $(BYON)$ rose 14.00% to $5.62, Rakuten Group Inc. ADR $(RKUNY)$ fell 0.19% to $5.37, and eBay Inc. $(EBAY)$ rose 0.52% to $62.27.
Trading volume (10.2 M) remained 4.3 million below its 50-day average volume of 14.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 2, 2025.
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
January 02, 2025 17:29 ET (22:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments