Alibaba Group Holding Ltd. ADR Rises Tuesday, Outperforms Market

Dow Jones
01-28

DJ Alibaba Group Holding Ltd. ADR Rises Tuesday, Outperforms Market

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

The Alibaba Group Holding Ltd. ADR $(BABA)$ rallied 6.71% to $96.03 Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 2.03% to 19,733.59 and the Dow Jones Industrial Average rising 0.31% to 44,850.35.

This was the ADR's third consecutive day of gains.

Alibaba Group Holding Ltd. ADR closed 18.49% short of its 52-week high of $117.82, which the company achieved on October 7th.

The ADR demonstrated a mixed performance when compared to some of its competitors Tuesday, as Beyond Inc. $(BYON)$ rose 6.75% to $7.59, Rakuten Group Inc. ADR $(RKUNY)$ rose 4.45% to $6.34, and eBay Inc. $(EBAY)$ rose 0.52% to $67.19.

Trading volume (30.8 M) eclipsed its 50-day average volume of 14.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled January 28, 2025.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

January 28, 2025 17:25 ET (22:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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