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Why JD.com Stock Fell 20% in August

TheMotleyFool

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Why JD.com Stock Fell 20% in August: https://g.foolcdn.com/editorial/images/746950/china-e-commerce.jpg

Shares of JD.com (NASDAQ: JD) were falling last month as the Chinese e-commerce company reported middling results in its second-quarter earnings report and as Chinese economic data remained weak, causing doubts about its ability to mount a full recovery.

According to data from S&P Global Market Intelligence, the stock finished down 20% in August. As you can see from the chart below, the stock slumped through most of the first half of the month before stabilizing in the second half.