Why JD.com Stock Blasted Nearly 9% Higher on Friday
JD(JD) The Motley Fool·2024-08-16 22:19One analyst upgraded the stock, but other pundits weren't as positive on its prospects.Capping a good week on the stock exchange, JD.com (JD 8.48%) saw the price of its U.S.-listed American Depositary Receipts (ADRs) rise by nearly 9% on Friday. The big Chinese online retailer was still in the glow of a fine second quarter, the results of which were unveiled Thursday morning. A recommendation upgrade helped give the stock some real lift on the last trading day of the week.A boost from a big U.S. bankEver-in ...