JD.com (JD) : $21.73 million worth of transactions were on upticks in JD.com (JD), compared to $16.49 million on downticks. The ratio between the two was 1.32, whereas, the net money flow stood at a healthy $5.25 million on Tuesdays session.The block trades show a bullish bias with only $0.87 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $5.61million worth of trades. The up-down ratio between the uptick and downtick was 6.46, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $4.74 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.08%. The stock was trading at $25.59, with a drop of $0.02 over the previous days close. The stock recorded -0.78% for the week.
Also, Brokerage firm Jefferies maintains its rating on JD.com (NASDAQ:JD). As per the latest information, the brokerage house raises the price target to $32 per share from a prior target of $31.6. The shares have been rated Buy. The rating by the firm was issued on August 11, 2016.
JD.com, Inc. has dropped 1.35% in the last five trading days, however, the shares have posted positive gains of 17.17% in the last 4 weeks. JD.com, Inc. is up 7.57% in the last 3-month period. Year-to-Date the stock performance stands at -20.69%.
JD.com (NASDAQ:JD): The stock opened at $25.71 on Tuesday but the bulls could not build on the opening and the stock topped out at $25.95 for the day. The stock traded down to $25.50 during the day, due to lack of any buying support eventually closed down at $25.59 with a loss of -0.08% for the day. The stock had closed at $25.61 on the previous day. The total traded volume was 6,194,472 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.