JD.com (JD) : $3.9 million worth of transactions were on upticks in JD.com (JD), compared to $1.04 million on downticks. The ratio between the two was 3.76, whereas, the net money flow stood at a healthy $2.86 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $2.16million worth of trades. The total money flow into the stock stood at $2.16 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.13%. The stock was trading at $22.39, with a drop of $0.03 over the previous days close. The stock recorded 4.58% for the week.
Also, Equity analysts at the Brokerage firm Credit Suisse downgrades its rating on JD.com (NASDAQ:JD). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The Analysts at Credit Suisse lowers the price target from $38 per share to $21 per share. The rating by the firm was issued on May 10, 2016.
JD.com (NASDAQ:JD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.52 and $22.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.66, notching a gain of 1.07% for the day. The total traded volume was 12,076,577 . The stock had closed at $22.42 on the previous day.
The stock has recorded a 20-day Moving Average of 6.95% and the 50-Day Moving Average is 2.87%.
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.