JD shares – now the cheapest e-commerce stock at scale

JD shares’ recent share price triumph came to an abrupt halt yesterday following news that Walmart sold its USD 3.6 billion stake in JD. Prior to this announcement by Walnut, JD shares had rallied 13% since last Friday through Tuesday since it announced second quarter earnings that beat consensus estimates and outshone comparatively lacklustre earnings from fellow tech counterparts such as Alibaba.

JD shares fell as much as 13% yesterday, undoing all post-earnings share price gains. It eventually finished 8.7% lower to HKD 102.40. Amid the share price plunge, options trading in JD .com on the Hong Kong exchange-traded options market was five times more than the average volume.

As an example, JD put warrants were amongst the top gainers following JD’s share price 8.7% drop, gaining between 55% to 200% while JD call warrants fell 67% to 80%. Both call and put warrants moved between 6 to 23 times more than JD shares.

📖Read more: https://warrants.com.sg/marketnews/highlight/todayhighlight/7498