The Alibaba Group Holding Ltd. ADR BABA, +0.05% inched 0.05% higher to $219.59 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +0.14% rising 0.14% to 13,756.33 and the Dow Jones Industrial Average DJIA, +0.07% rising 0.07% to 34,600.38. This was the ADR’s sixth consecutive day of gains. Alibaba Group Holding Ltd. ADR closed $99.73 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 Wednesday, as Amazon.com Inc. AMZN, +0.48% rose 0.48% to $3,233.99, eBay Inc. EBAY, +3.32% rose 3.32% to $63.41, and Rakuten Group Inc. ADR RKUNY, -0.31% fell 0.31% to $11.43. Trading volume (13.1 M) remained 3.7 million below its 50-day average volume of 16.8 M.