Why JD.Com Stock Traded Lower During Thursday's Session
Portfolio Pulse from Henry Khederian
JD.com's stock closed 4.25% lower at $32.44 on Thursday, possibly due to concerns over a COVID wave in China. COVID infections in China could reach 65 million cases per week by the end of June, according to respiratory disease specialist Zhong Nanshan.
May 25, 2023 | 8:23 pm
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JD.com's stock price dropped 4.25% due to concerns over a COVID wave in China, which could lead to 65 million cases per week by the end of June.
The stock price of JD.com dropped due to concerns over a COVID wave in China, which could lead to a significant increase in infections. This could negatively impact the company's operations and overall market sentiment, causing the stock price to decline in the short term.
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