JD.com (NASDAQ:JD) has tumbled 4.42% during the past week and has dropped 14.16% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.27%. JD.com (NASDAQ:JD) has underperformed the index by 14.94% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
JD.com (NASDAQ:JD): The stock opened at $20.51 on Friday but the bulls could not build on the opening and the stock topped out at $20.56 for the day. The stock traded down to $19.85 during the day, due to lack of any buying support eventually closed down at $20.13 with a loss of -1.47% for the day. The stock had closed at $20.43 on the previous day. The total traded volume was 14,205,945 shares.
The company shares have dropped -41.80% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $35.56 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $23.03 and the 200 Day Moving Average price is recorded at $26.55.
Many analysts have stated their opinion on the company shares. Credit Suisse downgrades its view on JD.com (NASDAQ:JD) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. Credit Suisse lowers the price target from $38 per share to $21 per share on JD.com . The rating by the firm was issued on May 10, 2016. Institutional Investors own 52.99% of JD.com shares.
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.