The Alibaba Group Holding Ltd. ADR
slid 0.37% to $166.78 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index
rising 1.73% to 14,823.43 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. Alibaba Group Holding Ltd. ADR closed $152.54 short of its 52-week high ($319.32), which the company reached on October 27th.
The ADR underperformed when compared to some of its competitors Thursday, as Amazon.com Inc.
rose 0.47% to $3,299.86, eBay Inc.
fell 0.29% to $74.68, and Rakuten Group Inc. ADR
rose 1.13% to $10.03. Trading volume (17.3 M) remained 9.1 million below its 50-day average volume of 26.4 M.