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

CAE Inc

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Industrials : Aerospace & Defense | Mid Cap Growth
Based in Canada

Company profile

CAE Inc. is a Canada-based technology company. The Company operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation training segment provides comprehensive training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a complete range of flight simulation training devices, ab initio pilot training and crew sourcing services, as well as end-to-end digitally enabled crew management, training operations solutions and optimization software. The defense and Security segment provides training and simulation pure play focusing on ensuring mission readiness by integrating systems and solutions across all five domains for government organizations responsible for public safety. Healthcare segment provides healthcare students and clinical professionals innovative, integrated and virtual education and training solutions, including interventional and imaging simulations and curricular.

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

4:39 pm ET January 9, 2023 (MarketWatch) Print

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

The Alibaba Group Holding Ltd. ADR (9988.HK) advanced 3.19% to $110.83 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.63% to 10,635.65 and the Dow Jones Industrial Average falling 0.34% to 33,517.65. This was the ADR's fifth consecutive day of gains. Alibaba Group Holding Ltd. ADR closed $27.87 below its 52-week high ($138.70), which the company achieved on January 12th.

The ADR outperformed some of its competitors Monday, as Overstock.com Inc. (OSTK) rose 0.91% to $18.88, Rakuten Group Inc. ADR rose 0.84% to $4.81, and eBay Inc. (EBAY) fell 3.52% to $43.52. Trading volume (41.7 M) eclipsed its 50-day average volume of 26.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 9, 2023.

(END) Dow Jones Newswires

January 09, 2023 16:39 ET (21:39 GMT)