DJ Alibaba Group Holding Ltd. ADR Rises Friday, Still Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(09988)$ inched 0.80% higher to $89.82 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.94% to 13,590.65 and the Dow Jones Industrial Average rising 0.73% to 34,346.90.
Alibaba Group Holding Ltd. ADR closed $31.48 short of its 52-week high ($121.30), which the company achieved on January 26th.
The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Overstock.com Inc. (OSTK) rose 2.78% to $24.73, Rakuten Group Inc. ADR rose 0.53% to $3.79, and eBay Inc. $(EBAY)$ rose 1.04% to $43.59.
Trading volume (11.4 M) remained 7.5 million below its 50-day average volume of 18.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 25, 2023.
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(END) Dow Jones Newswires
August 25, 2023 17:32 ET (21:32 GMT)
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