Golden Finance News | JD Group (09618) opened more than 3% higher and as of the time of publication, it rose by 2.73% to HK$105.2 with a trading volume of 0.291 billion HKD. It should be noted that the stock fell by 8.73% yesterday.
On August 20 in New York time, JD Group announced that Walmart has submitted Schedule 13G/A to the Securities and Exchange Commission regarding the sale of its shares. According to the schedule, Walmart no longer holds any shares of the company.
JPMorgan stated that the sale of JD shares by Walmart is only a 'short-term negative impact' event and will not affect JD's fundamentals. It is recommended that investors buy JD stocks after the transaction is completed.
In addition, on August 21, 2024, JD repurchased its stocks at a cost of approximately 0.39 billion US dollars and fully utilized the repurchase limit of the approved 3 billion US dollar share buyback plan for March 2024.