Why JD.com Stock Was Gaining Today

Shares of JD.com (NASDAQ: JD) were on the move today, gaining after the company announced a proposed spinoff of its JD Logistics division through a separate listing in Hong Kong.

As of 11:26 a.m. EST on Tuesday, the stock was up 5.1% on the news.

A JD delivery robot. Image source: JD.com.

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Source Fool.com