In a filing, JD.com Inc ADR revealed its Affiliate Hsieh Louis acquired Company’s shares for reported $1.24 million on Dec 11 ’24. In the deal valued at $41.27 per share,30,000 shares were bought.
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Then, Fortune Rising Holdings Ltd bought 145,000 shares, generating $4,315,200 in total proceeds.
Bernstein upgraded its JD.com Inc ADR [JD] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. JP Morgan also remained covering JD and has increased its forecast on August 16, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Macquarie revised its rating on May 17, 2024. It rated JD as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of JD
On Tuesday, JD.com Inc ADR [NASDAQ:JD] saw its stock fall -4.13% to $39.56. Over the last five days, the stock has gained 6.64%. JD.com Inc ADR shares have risen nearly 36.95% since the year began. Nevertheless, the stocks have risen 49.58% 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 $39.38, while 200 days put it at $30.83.
Levels Of Support And Resistance For JD Stock
The 24-hour chart illustrates a support level at 39.22, which if violated will result in even more drops to 38.87. On the upside, there is a resistance level at 40.03. A further resistance level may holdings at 40.50. The Relative Strength Index (RSI) on the 14-day chart is 57.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.38%. Stochastics %K at 74.75% 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.
