DJ Alibaba Group Holding Ltd. ADR Rises Wednesday, Outperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ rose 3.78% to $139.08 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.26% to 19,075.26 and the Dow Jones Industrial Average falling 0.43% to 43,433.12.
This was the ADR's second consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed 4.28% below its 52-week high of $145.30, which the company achieved on February 21st.
The ADR outperformed some of its competitors Wednesday, as Beyond Inc. $(BYON)$ fell 9.15% to $6.75, Rakuten Group Inc. ADR $(RKUNY)$ fell 0.59% to $6.35, and eBay Inc. $(EBAY)$ fell 2.52% to $69.14.
Trading volume (40.4 M) eclipsed its 50-day average volume of 26.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 26, 2025.
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(END) Dow Jones Newswires
February 26, 2025 17:25 ET (22:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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