JD Stock Surges 5% Amid Strong Financial Performance and Positive Ratings

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On September 27, 2024, at 2:24 PM EST, JD.com (JD, Financial) shares experienced a rapid 5% increase, trading at $39.89 per share. The trading volume reached 35.82 million shares with a turnover rate of 2.45% and a volatility of 2.82%.

Recent financial reports indicated JD.com's revenue stood at $40.235 billion, with a net profit of $1.746 billion, an EPS of $1.16, a gross profit of $6.284 billion, and a P/E ratio of 14.61.

Regarding institutional ratings, out of 46 participating agencies, 83% recommended buying, 17% suggested holding, and none advised selling.

In the internet retail sector, where JD.com operates, the overall sector declined by 1.12%. Notable performers include Baozun Inc., ZKH Group, and Dada Nexus Ltd. Active stocks in this sector were Jeffs' Brands Ltd., Zhishigu, and Baozun Inc., with turnover rates of 15.85%, 5.06%, and 3.03%, respectively. Stocks with significant volatility included Ipower Inc., Juhao Mall, and ZKH Group, with volatilities of 23.78%, 21.73%, and 16.77%, respectively.

JD.com is a leading e-commerce platform in China, similar in GMV to Pinduoduo in 2022 but still trailing behind Alibaba. The platform offers a wide range of authentic products with reliable and fast delivery, supported by its nationwide distribution infrastructure and last-mile delivery network.

As of 2:24 PM EST, JD.com had a 9.68% rate of positive news sentiment.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.