DJ Alibaba Group Holding Ltd. ADR Outperforms Competitors On Strong Trading Day
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The Alibaba Group Holding Ltd. ADR $(BABA)$ advanced 1.74% to $126.90 Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.07% to 20,041.26 and the Dow Jones Industrial Average rising 0.02% to 44,556.34.
This was the ADR's eighth consecutive day of gains.
Alibaba Group Holding Ltd. ADR hit a new 52-week high, surpassing its previous peak of $126.80, which the company achieved on February 14th.
The ADR outperformed some of its competitors Tuesday, as Beyond Inc. $(BYON)$ rose 0.79% to $8.92, Rakuten Group Inc. ADR $(RKUNY)$ fell 10.64% to $6.30, and eBay Inc. $(EBAY)$ fell 0.16% to $69.79.
Trading volume (42.0 M) eclipsed its 50-day average volume of 20.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 18, 2025.
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(END) Dow Jones Newswires
February 18, 2025 17:26 ET (22:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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