JD.com (JD) : Traders are bullish on JD.com (JD) as it has outperformed the S&P 500 by a wide margin of 2.89% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.92% in the last 1 week, and is up 5.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
JD.com (NASDAQ:JD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.50 and $21.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.85, notching a gain of 2.25% for the day. The total traded volume was 8,376,975 . The stock had closed at $21.37 on the previous day.
The stock has recorded a 20-day Moving Average of 0.19% and the 50-Day Moving Average is 0.6%. JD.com, Inc. has dropped 13.29% during the last 3-month period . Year-to-Date the stock performance stands at -32.28%.
JD.com (JD) : The most positive equity analysts on JD.com (JD) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $27 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $31.34 with an expected fluctuation of $3.01 from the mean.
JD.com, Inc. is an online direct sales company. The Company engages primarily in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in Peoples republic of China (PRC) on the Internet through its Website jd.com. It also operates its online marketplace under which third-party sellers sell products on the Companys Website to customers. The Company has approximately 518 million product reviews generated by its customers. The Company operates approximately 123 warehouses with an aggregate gross floor area of approximately 2.2 million square meters in 40 cities and 3,210 delivery stations and pickup stations in 1,862 counties and districts across China. The Company provides same-day delivery in approximately 134 counties and districts and next-day delivery in approximately 866 counties and districts across China.