JD.com Inc ADR’s recently made public 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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Loop Capital upgraded its JD.com Inc ADR [JD] rating to a Buy from a a Hold in a research note published on October 21, 2024; the price target was decreased to $48 from $49. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “an Overweight”. Macquarie also remained covering JD and has increased its forecast on May 17, 2024 with a “an Outperform” recommendation from previously “Neutral” rating.
Price Performance Review of JD
On Tuesday, JD.com Inc ADR [NASDAQ:JD] saw its stock fall -0.40% to $35.19. Over the last five days, the stock has lost -2.52%. JD.com Inc ADR shares have risen nearly 21.81% since the year began. Nevertheless, the stocks have risen 27.45% 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 $37.72, while 200 days put it at $29.89.
Levels Of Support And Resistance For JD Stock
The 24-hour chart illustrates a support level at 34.73, which if violated will result in even more drops to 34.27. On the upside, there is a resistance level at 35.42. A further resistance level may holdings at 35.65. The Relative Strength Index (RSI) on the 14-day chart is 41.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.66%. Stochastics %K at 23.28% indicates the stock is a holding.
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 2024-10-31, dropping by -3.54 million shares to a total of 39.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 43.2 million shares. There was a decline of -8.92%, which implies that there is a negative sentiment for the stock.
