Alibaba Group Holding Ltd. ADR Outperforms Market On Strong Trading Day
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Alibaba Group Holding Ltd. ADR (BABA) rose 1.35% to $133.27 on a day when the overall stock market declined, with the NASDAQ down 0.19% and the Dow Jones down 1.13%. The ADR remains 30.83% below its 52-week high of $192.67. Compared to competitors, Bed Bath & Beyond fell 4.41%, while Rakuten and eBay saw gains of 1.23% and 5.05%, respectively. Trading volume was 8.3 million, below the 50-day average of 10.6 million.
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