Alibaba Group Holding Ltd. ADR outperforms the market in a strong trading day

Alibaba Holding Group Ltd. ADR BABA,
+ 0.43%
rose 0.43% higher to $ 268.93 on Thursday in what turned out to be a general mixed trading session for the stock market with the NASDAQ Composite Index COMP,
+ 0.38%
up 0.38% to 14,025.77 and Dow Jones Industrial Media DJIA,
-0.02%
decreasing by 0.02% to 31,430.70. This was the third consecutive day of ADR earnings. Alibaba Group Holding Ltd. ADR closed at $ 50.39 in addition to a 52-week high ($ 319.32), which the company reached on October 27th.

ADR demonstrated mixed performance compared to some of its competitors on Thursday, such as Amazon.com Inc. AMZN,
-0.74%
fell 0.74% to $ 3,262.13, eBay Inc. EBAY,
-0.02%
fell 0.02% to $ 62.31, and Rakuten Inc. ADR RKUNY,
+ 0.45%
rose 0.45% to $ 11.08. Trading volume (15.0 million euros) remained at 9.8 million below its average volume of 24.8 million days over 50 days.

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

.Source