Can JD.com Stock Bounce Back After Last Week's 12% Drop?

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.

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Source: Fool.com