Alibaba Group Holding Ltd. ADR Rises Thursday, Still Underperforms Market

Kimco Realty Corp

Change company Symbol lookup

Select an option...

KIM Kimco Realty Corp

OEZVF Verbund AG

TRKA Troika Media Group Inc

$NQDMEU3030CADN Nasdaq DM Europe Insurance Net Total

CDAK Codiak BioSciences, Inc.

TXT Textron Inc

INSG Inseego Corp

AVDL Avadel Pharmaceuticals PLC

LCSHY Lancashire Holdings Ltd

NET Cloudflare Inc

Real Estate : Retail REITs | Mid Cap Blend

Company profile

Kimco Realty Corporation, formerly New KRC Corp., is a real estate investment trust (REIT). The Company is an owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets. The Company's portfolio is primarily concentrated in the first-ring suburbs of metropolitan markets, including those in high-barrier-to-entry coastal markets and Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. It specializes in shopping center ownership, management, acquisitions, and redevelopment activities. It owns interests in about 526 United States shopping centers and mixed-use assets comprising 91 million square feet of gross leasable space. The Company's properties include 2200 Westlake, Camelback Miller Plaza, Grand Parkway Marketplace, Kentlands Market Square, Scottsdale Waterfront, Jericho Commons, Cupertino Village, Centro Arlington, and Westlake Shopping Center, among others.

Alibaba Group Holding Ltd. ADR Rises Thursday, Still Underperforms Market

4:40 pm ET January 26, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

The Alibaba Group Holding Ltd. ADR (9988.HK) inched 0.27% higher to $120.57 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.76% to 11,512.41 and the Dow Jones Industrial Average rising 0.61% to 33,949.41. This was the ADR's second consecutive day of gains. Alibaba Group Holding Ltd. ADR closed $8.83 short of 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 Thursday, as Overstock.com Inc. (OSTK) rose 1.80% to $22.58, Rakuten Group Inc. ADR fell 0.79% to $5.03, and eBay Inc. (EBAY) rose 0.47% to $49.16. Trading volume (10.0 M) remained 14.5 million below its 50-day average volume of 24.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 26, 2023.

(END) Dow Jones Newswires

January 26, 2023 16:40 ET (21:40 GMT)