Alibaba Group Holding Ltd. ADR Rises Friday, Outperforms Market

Dow Jones01-25 06:24

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

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

The Alibaba Group Holding Ltd. ADR $(BABA)$ rallied 3.53% to $89.14 Friday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.50% to 19,954.30 and Dow Jones Industrial Average falling 0.32% to 44,424.25.

Alibaba Group Holding Ltd. ADR closed 24.34% short of its 52-week high of $117.82, which the company reached on October 7th.

The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Beyond Inc. $(BYON)$ rose 10.14% to $7.71, Rakuten Group Inc. ADR $(RKUNY)$ rose 2.04% to $6.01, and eBay Inc. $(EBAY)$ rose 0.09% to $64.81.

Trading volume (18.7 M) eclipsed its 50-day average volume of 14.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled January 24, 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 24, 2025 17:24 ET (22:24 GMT)

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

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ADR <a href=\"https://laohu8.com/S/BABA\">$(BABA)$</a> rallied 3.53% to $89.14 Friday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index  falling 0.50% to 19,954.30 and Dow Jones Industrial Average  falling 0.32% to 44,424.25. \n</p>\n<p>\n     Alibaba Group Holding Ltd. 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