Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

3 Bold Reasons Walmart Said Goodbye to JD.com

TheMotleyFool 
0 0 28.08.24
3 Bold Reasons Walmart Said Goodbye to JD.comPhoto, wide shot, wide-angle lens, Specialty food store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/7a8f69d5-c26e-46d9-b403-d3e5e9562eca.png
 

(NYSE: WMT) recently disclosed that it sold its entire stake in JD.com (NASDAQ: JD), one of China's top e-commerce companies. That exit was surprising, since Walmart had been one of JD's leading investors since 2016 and still held a 9.4% stake in the company earlier this year.

JD's stock sank after the abrupt announcement, but Walmart's stock held steady as investors digested the news. Here are three reasons why the retail giant parted ways with JD, and why that divestment might be a smart move.

Image source: Walmart.

Continue reading


Source Fool.com

Walmart Inc. Stock

€97.62
0.570%
Walmart Inc. gained 0.570% compared to yesterday.
The stock is an absolute favorite of our community with 99 Buy predictions and no Sell predictions.
With a target price of 109 € there is a slightly positive potential of 11.66% for Walmart Inc. compared to the current price of 97.62 €.
Show more
Like: 0
WMT
Share

Comments

Not a member yet? Sign up for free!