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The Alibaba Holding Group Ltd. ADR BABA,
edged up 0.05% to $ 270.83 on Wednesday, on what turned out to be a mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA,
up 0.29% to 31,613.02 and the NASDAQ COMP composite index,
down 0.58% to 13,965.49. It was the second consecutive day of ADR gains. The ADR of Alibaba Group Holding Ltd. closed $ 48.49 below its 52-week high ($ 319.32), which the company hit on October 27.
ADR underperformed 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. Transaction volume (13.0 M) remained 11.1 million below its 50-day average 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 terms of use for market data.
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