The Alibaba Group Holding Ltd. ADR
inched 0.49% higher to $267.79 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.20% to 31,437.80 and the NASDAQ Composite Index
falling 0.25% to 13,972.53. This was the ADR’s second consecutive day of gains. Alibaba Group Holding Ltd. ADR closed $51.53 below 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 Wednesday, as Amazon.com Inc.
fell 0.56% to $3,286.58, eBay Inc.
rose 0.14% to $62.32, and Rakuten Inc. ADR
rose 1.19% to $11.03. Trading volume (12.9 M) remained 11.6 million below its 50-day average volume of 24.5 M.