Alibaba Group Holding Ltd. ADR Rises Wednesday, Still Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
The Alibaba Group Holding Ltd. ADR (9988.HK) inched 0.12% higher to $115.02 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.76% to 10,931.67 and the Dow Jones Industrial Average rising 0.80% to 33,973.01. This was the ADR's seventh consecutive day of gains. Alibaba Group Holding Ltd. ADR closed $23.68 below its 52-week high ($138.70), which the company achieved on January 12th.
The ADR demonstrated a mixed performance when compared to some of its competitors Wednesday, as Overstock.com Inc. (OSTK) rose 4.17% to $21.00, Rakuten Group Inc. ADR fell 0.64% to $4.66, and eBay Inc. (EBAY) rose 3.37% to $46.61. Trading volume (22.7 M) remained 4.1 million below its 50-day average volume of 26.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 11, 2023.
(END) Dow Jones Newswires
January 11, 2023 16:40 ET (21:40 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.