Options Traders Target Surging E-Commerce Stock After Earnings
JD(JD) Schaeffers Research·2024-03-06 19:52
China-based e-commerce stock JD.com Inc (NASDAQ:JD) is soaring today, up 17.4% at $25.16 at last glance. The company beat fourth-quarter revenue estimates due to heavy demand and announced a $3 billion share repurchase program. Sharp discounts helped results, as "Singles Day" -- the largest annual Chinese shopping festival -- attracted consumers amid an uncertain economy. Today's bull gap has JD trading at its highest levels since early January. Grappling with its 100-day moving average, which capped its la ...