📣JD shares finally rebound after 3-day drop on share buyback announcement
❗JD shares are enjoying some reprieve this morning with a 2.9% rebound as of 930AM, after the company outlined plans yesterday to repurchase stock from September through to August 2027.Its American depositary shares, down 8.2% this year, climbed more than 4% after trading opened in New York overnight.
🛒JD’s latest stock buyback plan emerged a week after Walmart Inc. announced it had sold its stake in the e-commerce firm, and a day after Chinese tech share PDD Holdings publicised a gloomy outlook, stoking concerns about the outlook for consumer spending in China
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