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Alibaba Group Holding Ltd. ADR Outperforms Market On Strong Trading Day

Dow Jones2022-07-02

DJ Alibaba Group Holding Ltd. ADR Outperforms Market On Strong Trading Day

This article was automatically generated by MarketWatch using technology from Automated Insights.

The Alibaba Group Holding Ltd. ADR BABA advanced 2.04% to $116.00 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.90% to 11,127.85 and the Dow Jones Industrial Average DJIA rising 1.05% to 31,097.26. The ADR's rise snapped a three-day losing streak. Alibaba Group Holding Ltd. ADR closed $103.50 below its 52-week high ($219.50), which the company achieved on July 2nd.

The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Amazon.com Inc. AMZN rose 3.15% to $109.56, eBay Inc. EBAY rose 2.93% to $42.89, and Rakuten Group Inc. ADR RKUNY rose 0.22% to $4.50. Trading volume (16.6 M) remained 11.6 million below its 50-day average volume of 28.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled July 1, 2022.

$(END)$ Dow Jones Newswires

July 01, 2022 16:39 ET (20:39 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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