Alibaba Group Holding Ltd. ADR BABA,
advanced 0.05% higher to $ 270.83 on Wednesday, in what proved to be a fully mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA,
increasing 0.29% to 31,613.02 and the NASDAQ Composite Index COMP,
falling 0.58% to 13,965.49. This was the second consecutive day of gains for ADR. Alibaba Group Holding Ltd.’s ADR closed $ 48.49 below its 52-week high ($ 319.32), which the company reached on October 27.
ADR underperformed when compared to some of its competitors on Wednesday, such 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,
rose 3.09% to $ 10.68. Turnover (13.0 M) remained 11.1 million below its average 50-day volume of 24.1 M.
Editor’s note: this story was automatically generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.