The Alibaba Group Holding Ltd. ADR BABA,
moved up 0.05% to $ 270.83 Wednesday, on what turned out to be an all-round mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA,
increases 0.29% to 31,613.02 and the NASDAQ Composite Index COMP,
decreased by 0.58% to 13,965.49. This was the second consecutive day of victory for the ADR. Alibaba Group Holding Ltd. ADR closed $ 48.49 short of the 52-week high of $ 319.32 the company hit on Oct. 27.
The ADR underperformed on Wednesday compared to some of its competitors as Amazon.com Inc. AMZN,
rose 1.21% to $ 3,308.64, eBay Inc. EBAY,
rose 0.29% to $ 63.05, and Rakuten Inc. ADR RKUNY,
increased 3.09% to $ 10.68. The trade volume (13.0 million) remained 11.1 million below the 50-day average volume of 24.1 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.