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JD / JD.com shares gain as Prosus stock sale removes 'big overhang'

JD.com shares gain as Prosus stock sale removes 'big overhang'
U.S.-listed shares of JD.com Inc. JD, +4.05% were rallying about 4% in Monday morning trading after Dutch internet holding company Prosus NV PRX, +14.92% disclosed that it sold its stake in the Chinese e-commerce company for $3.7 billion. "This was a big overhang that investors were avoiding JD on long side, but now that it has been removed, creates an even better LONG set-up into China economic forum in July where we expect Xi to outline greater stimulus to spark economic growth," wrote Mizuho desk-based analyst Jordan Klein, who is associated with the sales team and not the research unit. Read More
Posted: Jun 27 2022, 10:47
Author Name: Market Watch
Views: 112299

JD News  

JD.com, Inc. (JD) Stock Falls Amid Market Uptick: What Investors Need to Know

By Zacks Investment Research
November 1, 2023

JD.com, Inc. (JD) Stock Falls Amid Market Uptick: What Investors Need to Know

JD.com, Inc. (JD) closed at $25.33 in the latest trading session, marking a -0.35% move from the prior day. more_horizontal

JD.com spooks investors with 55% plunge

By Yahoo Finance
October 25, 2023

JD.com spooks investors with 55% plunge

Chinese e-commerce giant JD.com (JD) has tumbled 55% in 2023— China's weak recovery, depressed consumer spending, and stiff competition are a few fa more_horizontal

JD.com, Inc. (JD) Increases Despite Market Slip: Here's What You Need to Know

By Zacks Investment Research
October 23, 2023

JD.com, Inc. (JD) Increases Despite Market Slip: Here's What You Need to Know

In the closing of the recent trading day, JD.com, Inc. (JD) stood at $24.80, denoting a +1.72% change from the preceding trading day. more_horizontal

PDD vs. JD: Digital Dominance

By GuruFocus
October 13, 2023

PDD vs. JD: Digital Dominance

In the bustling realm of e-commerce, two giants have taken center stage with second-quarter results that demand attention. more_horizontal

Why JD.com Was Down on Friday

By The Motley Fool
October 13, 2023

Why JD.com Was Down on Friday

Morgan Stanley sees a possibility that this period of soft consumer spending in China will last longer than many expect. This could weigh on JD.com's more_horizontal

JD.com Stock Falls as Wall Street Dials Back Revenue Estimates

By Barrons
October 13, 2023

JD.com Stock Falls as Wall Street Dials Back Revenue Estimates

Analysts are evaluating pain points for the e-commerce giant ahead of third-quarter earnings. more_horizontal

JD.com (JD) Stock Just Hit a Record Low

By InvestorPlace
October 13, 2023

JD.com (JD) Stock Just Hit a Record Low

JD.com (NASDAQ: JD ) American depository receipts (ADRs) fell to lows not seen since 2019 as analysts downgraded the Chinese online retailer. Addition more_horizontal

JD.com hits an all-time low amid mass downgrades and arrest rumours

By Proactive Investors
October 13, 2023

JD.com hits an all-time low amid mass downgrades and arrest rumours

Chinese online retail giant JD.com Inc (NASDAQ:JD). continues to plummet on the Hong Kong Stock Exchange after hitting an all-time low this week after more_horizontal


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