Can JD.com Stock Bounce Back After Last Week's 12% Drop?
The recent sell-off at JD.com (NASDAQ: JD) continues. Shares of China's largest e-commerce company by revenue fell 11.8% last week, moving lower every single trading day after kicking off the week by posting its latest financials results.
JD.com stock was already drifting lower ahead of the second-quarter report. JD.com has closed lower for eight consecutive trading days, sliding nearly 17% in the process.
Investors aren't necessarily hurting. JD.com stock hit an all-time high earlier this month. The stock remains one of this year's biggest winners, soaring 58% so far in 2017 even with the recent slide. Long-term investors may be taking the hit in stride, especially since the results weren't too shabby.
Source: Fool.com
JD.com Inc. ADR Stock
€24.50
0.210%
The stock is an absolute favorite of our community with 32 Buy predictions and no Sell predictions.
As a result the target price of 39 € shows a very positive potential of 59.18% compared to the current price of 24.5 € for JD.com Inc. ADR.
