JD.com (JD) : Traders are bullish on JD.com (JD) as it has outperformed the S&P 500 by a wide margin of 17.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.14%, 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 5.11% in the last 1 week, and is up 18.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
JD.com, Inc. is up 10.49% in the last 3-month period. Year-to-Date the stock performance stands at -19.7%. The stock has recorded a 20-day Moving Average of 13.1% and the 50-Day Moving Average is 18.52%.
JD.com (NASDAQ:JD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.15 and $25.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.91, notching a gain of 2.01% for the day. The total traded volume was 20,568,715 . The stock had closed at $25.40 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of JD.com (NASDAQ:JD). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $32 per share from a prior target of $31.6. The rating by the firm was issued on August 11, 2016.
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.