The Alibaba Group Holding Ltd. ADR
inched 0.43% higher to $268.93 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index
rising 0.38% to 14,025.77 and the Dow Jones Industrial Average
falling 0.02% to 31,430.70. This was the ADR’s third consecutive day of gains. Alibaba Group Holding Ltd. ADR closed $50.39 short of its 52-week high ($319.32), which the company achieved on October 27th.
The ADR demonstrated a mixed performance when compared to some of its competitors Thursday, as Amazon.com Inc.
fell 0.74% to $3,262.13, eBay Inc.
fell 0.02% to $62.31, and Rakuten Inc. ADR
rose 0.45% to $11.08. Trading volume (15.0 M) remained 9.8 million below its 50-day average volume of 24.8 M.