JD.com Inc ADR’s filing revealed that its Affiliate Fortune Rising Holdings Ltd acquired Company’s shares for reported $4.32 million on Sep 30 ’24. In the deal valued at $29.76 per share,145,000 shares were bought.
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JP Morgan upgraded its JD.com Inc ADR [JD] rating to an Overweight from a a Neutral in a research note published on August 16, 2024; the price target was increased to $36 from $33. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in mid May from “a Neutral” to “an Outperform”. UBS revised its rating on November 01, 2023. It rated JD as “a Buy” which previously was an “a Neutral”.
Price Performance Review of JD
On Tuesday, JD.com Inc ADR [NASDAQ:JD] saw its stock fall -7.52% to $43.54. Over the last five days, the stock has gained 1.42%. JD.com Inc ADR shares have risen nearly 50.71% since the year began. Nevertheless, the stocks have risen 47.04% over the past one year. While a 52-week high of $47.82 was reached on 10/07/24, a 52-week low of $20.82 was recorded on 01/22/24. SMA at 50 days reached $29.89, while 200 days put it at $27.69.
Levels Of Support And Resistance For JD Stock
The 24-hour chart illustrates a support level at 42.55, which if violated will result in even more drops to 41.55. On the upside, there is a resistance level at 44.52. A further resistance level may holdings at 45.49. The Relative Strength Index (RSI) on the 14-day chart is 72.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.78%. Stochastics %K at 91.52% indicates the stock is a selling.
How much short interest is there in JD.com Inc ADR?
A steep rise in short interest was recorded in JD.com Inc ADR stocks on 2024-09-13, growing by 7.52 million shares to a total of 34.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 27.18 million shares. There was a rise of 21.68%, which implies that there is a positive sentiment for the stock.
