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Why JD.com Stock Plunged 49% Last Year

TheMotleyFool

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Why JD.com Stock Plunged 49% Last Year: https://g.foolcdn.com/editorial/images/761055/economic-crisis-stock-chart-falling-down-business-global-money-bankruptcy.jpg

Shares of JD.com (NASDAQ: JD) tumbled in 2023 as the Chinese e-commerce company continued to report disappointing results and sluggish growth, and China's economic recovery also came up short.

According to data from S&P Global Market Intelligence, the stock finished last year down 49%. As the chart below shows, most of the sell-off came early in the year, though the stock finished 2023 near its low point as investor sentiment on the stock has taken a dive.