DJ Alibaba Group Holding Ltd. ADR Outperforms Market On Strong Trading Day
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The Alibaba Group Holding Ltd. ADR $(BABA)$ advanced 4.34% to $125.76 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.51% to 17,977.73 and the Dow Jones Industrial Average rising 1.39% to 41,317.43.
This was the ADR's fourth consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed 15.27% short of its 52-week high of $148.43, which the company reached on March 17th.
The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ rose 4.71% to $4.00, Rakuten Group Inc. ADR $(RKUNY)$ fell 0.26% to $5.75, and eBay Inc. $(EBAY)$ rose 1.37% to $68.60.
Trading volume (18.0 M) remained 11.7 million below its 50-day average volume of 29.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2025.
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(END) Dow Jones Newswires
May 02, 2025 17:21 ET (21:21 GMT)
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