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Why Baozun Stock Jumped Today

TheMotleyFool

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Shares of Chinese e-commerce services provider Baozun (NASDAQ: BZUN) shot up nearly 9% on Thursday on seemingly no news, though there had been some bullish analyst sentiment published in the past 24 hours.

Zacks Equity Research highlighted Baozun on Wednesday as a stock benefiting from online shopping demand due to the pandemic. The e-commerce services company is often compared to Shopify, and analysts believe it can benefit from China's economic recovery.

Image source: Getty Images.

Source Fool.com

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