Alibaba Group Holding Ltd. ADR Rises Friday, Outperforms Market
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The Alibaba Group Holding Ltd. ADR (9988.HK) rallied 3.41% to $117.01 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.71% to 11,079.16 and the Dow Jones Industrial Average rising 0.33% to 34,302.61. Alibaba Group Holding Ltd. ADR closed $19.74 below its 52-week high ($136.75), which the company reached on January 20th.
The ADR outperformed some of its competitors Friday, as Overstock.com Inc. (OSTK) fell 3.94% to $20.50, Rakuten Group Inc. ADR fell 0.21% to $4.82, and eBay Inc. (EBAY) fell 0.37% to $46.26. Trading volume (25.5 M) remained 1.1 million below its 50-day average volume of 26.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 13, 2023.
(END) Dow Jones Newswires
January 13, 2023 16:40 ET (21:40 GMT)
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