Alibaba Group Holding Ltd. ADR rises on Wednesday, beating the market

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The Alibaba Group Holding Ltd. ADR BABA,
+ 0.05%
rose 0.05% further to $ 270.83 on Wednesday, in what proved to be a global mixed trading session for the stock market, with the DIA Jones Industrial Average DJIA,
+ 0.29%
rising 0.29% to 31,613.02 and the NASDAQ Composite Index COMP,
-0.58%
falling 0.58% to 13,965.49. This was the second consecutive day of ADR earnings. Alibaba Group Holding Ltd. ADR closed at $ 48.49 below the 52-week high ($ 319.32), which the company hit on Oct. 27.

The ADR performed poorly compared to some of its competitors on Wednesday, such as Amazon.com Inc. AMZN,
+ 1.21%
rose 1.21% to $ 3,308.64, eBay Inc. EBAY,
+ 0.29%
rose 0.29% to $ 63.05 and Rakuten Inc. ADR RKUNY,
+ 3.09%
increased 3.09% to $ 10.68. Trading volume (13.0 M) remained 11.1 million below its average volume of 24.1 M.

Editor’s Note: This story was automatically generated by Automated Insights using data from Dow Jones and FactSet. Consult the conditions of use of our market data.

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