JD.com Is Falling, But an M&A Bid Is Lifting This Small Nasdaq Stock Thursday
The mood on Wall Street has improved recently, and the holiday cheer appeared ready to continue on Thursday morning. As of 8:15 a.m. ET, futures contracts on the Nasdaq Composite (NASDAQINDEX: ^IXIC) were up about a quarter percent, adding to gains over the past couple of days.
Chinese stocks have been particularly volatile in 2021, and this morning, JD.com (NASDAQ: JD) is seeing a significant downward move resulting from what many investors see as a vote of no confidence in the company's prospects. However, another Nasdaq stock in the healthcare industry is getting a nice boost as it announces a potential takeover bid. Below, you'll see more on why JD is losing ground, and then you'll learn which Nasdaq stock is picking up some ground.
Shares of JD.com were down more than 6% in premarket trading Thursday morning. The Chinese online electronics and general merchandise seller is coming under selling pressure as a result of a move by one of its major shareholders.
Source Fool.com
