Alibaba Group Holding Ltd. ADR rises Monday, outperforms market

The ADR outperformed some of its competitors Monday, as Amazon.com Inc. $Amazon(AMZN.US)$ , fell 3.62% to $133.22, eBay Inc. $eBay(EBAY.US)$ , fell 3.57% to $45.39, and Rakuten Group Inc. $Rakuten Group (ADR)(RKUNY.US)$ , fell 2.50% to $5.08. Trading volume (15.4 M) remained 10.9 million below its 50-day average volume of 26.3 M.

The Alibaba $Alibaba(BABA.US)$ , inched 0.45% higher to $90.03 Monday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index $Nasdaq Composite Index(.IXIC.US)$ , falling 2.55% to 12,381.57 and Dow Jones Industrial Average $GLOBAL X DOW 30® COVERED CALL ETF(DJIA.US)$ , falling 1.91% to 33,063.61. Alibaba ADR closed $92.06 short of its 52-week high ($182.09), which the company reached on October 22nd.