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