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JD.com (JD) Surges: Stock Moves 6.7% Higher

Zacks Equity Research
The Eurozone has been suffering a downturn, but its ETFs have been pretty stellar of late thanks to a dovish ECB and improvement in relative earnings momentum in German stocks.

JD.com, Inc. JD was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $23.96 to $26.59 in the past one-month time frame.

The move came after the company reported solid fourth-quarter 2018 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

JD.com currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Investors interested in the Internet - Commerce industry may consider a better-ranked stock like Expedia Group, Inc. EXPE, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is JD going up? Or down? Predict to see what others think:Up or Down

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