
Alibaba Group Holding Ltd. ADR Rises Thursday, Outperforms Market

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Alibaba Group Holding Ltd. ADR (BABA) rose 3.98% to $138.59 on Thursday, outperforming the market as the NASDAQ Composite Index increased by 0.36% and the Dow Jones Industrial Average by 0.24%. This marks the ADR's fourth consecutive day of gains, although it remains 28.07% below its 52-week high of $192.67. In comparison, competitors had mixed results, with Bed Bath & Beyond down 1.33%, while Rakuten Group and eBay saw gains of 4.17% and 1.95%, respectively. Trading volume was 17.1 million, surpassing the 50-day average of 10.7 million.
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