Alibaba Group Holding Ltd. ADR is outperforming the market on a strong trading day

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The Alibaba Group Holding Ltd. ADR BABA,
+ 0.43%
moved up 0.43% to $ 268.93 Thursday, on what turned out to be an all-round mixed trading session for the stock market, with the NASDAQ Composite Index COMP,
+ 0.38%
an increase of 0.38% to 14,025.77 and the Dow Jones Industrial Average DJIA,
-0.02%
decreased by 0.02% to 31,430.70. This was the third consecutive day of victory for the ADR. Alibaba Group Holding Ltd. ADR closed $ 50.39 lower from its 52-week high ($ 319.32) the company hit on Oct. 27.

The ADR showed a mixed performance compared to some of its competitors on Thursday, such as Amazon.com Inc. AMZN,
-0.74%
decreased 0.74% to $ 3,262.13, eBay Inc. EBAY,
-0.02%
fell 0.02% to $ 62.31, and Rakuten Inc. ADR RKUNY,
+ 0.45%
increased 0.45% to $ 11.08. The trade volume (15.0 million) remained 9.8 million below the 50-day average volume of 24.8 million.

Editor’s Note: This story was automatically generated by Automated Insights using data from Dow Jones and FactSet. See our terms of use for market data.

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