DJ Alibaba Group Holding Ltd. ADR Rises Friday, Still Underperforms Market
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The Alibaba Group Holding Ltd. ADR $(BABA)$ rallied 1.99% to $141.10 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 2.61% to 17,754.09 and the Dow Jones Industrial Average rising 1.65% to 41,488.19.
This was the ADR's second consecutive day of gains.
Alibaba Group Holding Ltd. ADR closed 2.93% short of its 52-week high of $145.36, which the company reached on March 7th.
The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ rose 11.51% to $5.62, Rakuten Group Inc. ADR $(RKUNY)$ fell 3.49% to $6.08, and eBay Inc. $(EBAY)$ rose 2.06% to $65.28.
Trading volume (16.9 M) remained 13.3 million below its 50-day average volume of 30.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2025.
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(END) Dow Jones Newswires
March 14, 2025 17:22 ET (21:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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