Why JD.Com Shares Are Diving
Portfolio Pulse from Henry Khederian
Shares of JD.Com Inc (NASDAQ:JD) are trading lower by 3.59% due to a drop in China's industrial profit in May. China's industrial firms saw an 18.8% slump in profits in the first five months, adding to the previous contraction of 20.6% from January to April. May's data showed a 12.6% decline in industrial earnings compared to the previous year. JD.Com has a 52-week high of $68.29 and a 52-week low of $33.17.
June 28, 2023 | 3:49 pm
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JD.Com's stock is trading lower due to a decline in China's industrial profit. The company's 52-week high is $68.29 and the low is $33.17.
The decline in China's industrial profit has led to a decrease in the value of JD.Com's shares. This is because the company's performance is closely tied to the overall health of the Chinese economy. The company's 52-week high and low provide a context for the current stock price.
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