Alibaba Group Holding Ltd. ADR Rises Tuesday, Outperforms Market
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The Alibaba Group Holding Ltd. ADR (9988.HK) advanced 3.65% to $114.88 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.01% to 10,742.63 and the Dow Jones Industrial Average rising 0.56% to 33,704.10. This was the ADR's sixth consecutive day of gains. Alibaba Group Holding Ltd. ADR closed $23.82 short of its 52-week high ($138.70), which the company reached on January 12th.
The ADR demonstrated a mixed performance when compared to some of its competitors Tuesday, as Overstock.com Inc. (OSTK) rose 6.78% to $20.16, Rakuten Group Inc. ADR fell 2.49% to $4.69, and eBay Inc. (EBAY) rose 3.61% to $45.09. Trading volume (33.1 M) eclipsed its 50-day average volume of 26.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 10, 2023.
(END) Dow Jones Newswires
January 10, 2023 16:40 ET (21:40 GMT)
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