DJ Alibaba Group Holding Ltd. ADR Rises Friday, Outperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ rose 4.34% to $124.73 Friday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.41% to 20,026.77 and the Dow Jones Industrial Average falling 0.37% to 44,546.08.
This was the ADR's seventh consecutive day of gains.
Alibaba Group Holding Ltd. ADR hit a new 52-week high, surpassing its previous peak of $119.81, which the company reached on February 12th.
The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ rose 7.53% to $8.85, Rakuten Group Inc. ADR $(RKUNY)$ rose 5.22% to $7.05, and eBay Inc. $(EBAY)$ rose 0.92% to $69.90.
Data source: Dow Jones Market Data, FactSet. Data compiled February 14, 2025.
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(END) Dow Jones Newswires
February 14, 2025 17:23 ET (22:23 GMT)
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