Why JD.com Stock Was Sliding Today
Shares of JD.com (NASDAQ: JD) were falling today on news that Walmart (NYSE: WMT) had dumped its stake in the Chinese e-commerce company, according to a Securities and Exchange Commission filing this morning.
JD and Walmart had been seen as partners at one point in China, but the stock sale seems to indicate that Walmart has soured on the relationship, especially after JD.com stock has underperformed for the last few years.
As of 11:38 a.m. ET on Wednesday, JD.com stock was down 5.2% on the news.
Source Fool.com
Walmart Inc. Stock
€97.07
0.760%
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 12.29% for Walmart Inc. compared to the current price of 97.07 €.
