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Why JD.com Stock Followed Alibaba Lower Today

TheMotleyFool 
0 0 08.02.24
Why JD.com Stock Followed Alibaba Lower TodayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Shares of JD.com (NASDAQ: JD), the Chinese e-commerce giant, were falling again today. This time, it was in response to a disappointing earnings report from Alibaba (NYSE: BABA), its close competitor and peer.

As of 1:19 p.m. ET, JD stock was down 4.5%, while Alibaba stock had fallen 6.4%.

Image source: Getty Images.

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Source Fool.com

Alibaba Group Holding Ltd ADR Stock

€106.20
5.150%
A very strong showing by Alibaba Group Holding Ltd ADR today, with an increase of €5.20 (5.150%) compared to yesterday's price.
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 164 € there is a hugely positive potential of 54.43% for Alibaba Group Holding Ltd ADR compared to the current price of 106.2 €.
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