Alibaba Group Holding Ltd. ADR Rises Thursday, Outperforms Market

Dow Jones01-03

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.

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January 02, 2025 17:29 ET (22:29 GMT)

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