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
€88.37
0.530%
With 106 Buy predictions and 1 Sell predictions Walmart Inc. is one of the favorites of our community.
As a result the target price of 96 € shows a slightly positive potential of 8.63% compared to the current price of 88.37 € for Walmart Inc..
