Alibaba Group Holding Ltd. ADR Outperforms Market On Strong Trading Day
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The Alibaba Group Holding Ltd. ADR (9988.HK) rose 2.97% to $116.58 Thursday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 0.96% to 10,852.27 and Dow Jones Industrial Average falling 0.76% to 33,044.56. The ADR's rise snapped a two-day losing streak. Alibaba Group Holding Ltd. ADR closed $20.17 below its 52-week high ($136.75), which the company achieved on January 20th.
The ADR outperformed some of its competitors Thursday, as Overstock.com Inc. (OSTK) rose 0.45% to $20.20, Rakuten Group Inc. ADR fell 0.21% to $4.86, and eBay Inc. (EBAY) fell 0.96% to $45.54. Trading volume (18.4 M) remained 7.8 million below its 50-day average volume of 26.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2023.
(END) Dow Jones Newswires
January 19, 2023 16:39 ET (21:39 GMT)
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