Alibaba Group Holding Ltd. ADR Outperforms Competitors On Strong Trading Day

Amesite Inc

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Company profile

Amesite, Inc. is an artificial intelligence software company. The Company is engaged in offering a cloud-based platform and content creation services for business and university-delivered education and upskilling. It uses artificial intelligence technologies to provide customized environments for learners, easy-to-manage interfaces for instructors, and accessibility for learners in the United States education market. Its code architecture offers accessibility and agility for engineers, using languages for both client and server-side functions. It delivers Learning Community Environments (LCESMs) to businesses and educational institutions (EIs) that enable them to offer branded learning products to their students, professional learners or employees with ease. It offers its platform to its customers, which include universities, museums, businesses and government agencies. Its customers offer learning to their users, who are students, professional learners and / or their own employees.

Alibaba Group Holding Ltd. ADR Outperforms Competitors On Strong Trading Day

4:39 pm ET February 1, 2023 (MarketWatch) Print

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

The Alibaba Group Holding Ltd. ADR (9988.HK) advanced 2.38% to $112.82 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 2.00% to 11,816.32 and the Dow Jones Industrial Average rising 0.02% to 34,092.96. The ADR's rise snapped a three-day losing streak. Alibaba Group Holding Ltd. ADR closed $16.58 below its 52-week high ($129.40), which the company reached on February 17th.

The ADR demonstrated a mixed performance when compared to some of its competitors Wednesday, as Overstock.com Inc. (OSTK) rose 0.70% to $24.38, Rakuten Group Inc. ADR rose 2.39% to $5.17, and eBay Inc. (EBAY) rose 1.82% to $50.40. Trading volume (16.5 M) remained 6.3 million below its 50-day average volume of 22.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled February 1, 2023.

(END) Dow Jones Newswires

February 01, 2023 16:39 ET (21:39 GMT)