Alibaba Group Holding Ltd. ADR Outperforms Market On Strong Trading Day
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The Alibaba Group Holding Ltd. ADR (9988.HK) advanced 2.81% to $119.86 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 2.66% to 11,140.43 and the Dow Jones Industrial Average rising 1.00% to 33,375.49. This was the ADR's second consecutive day of gains. Alibaba Group Holding Ltd. ADR closed $9.54 below its 52-week high ($129.40), which the company achieved on February 17th.
The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Overstock.com Inc. (OSTK) rose 5.99% to $21.41, Rakuten Group Inc. ADR rose 1.85% to $4.95, and eBay Inc. (EBAY) rose 2.46% to $46.66. Trading volume (18.0 M) remained 7.5 million below its 50-day average volume of 25.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 20, 2023.
(END) Dow Jones Newswires
January 20, 2023 16:40 ET (21:40 GMT)
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