JD Group-SW (09618) is now up over 3%, as of the time of writing, up 3.03%, at HKD 105.6, with a turnover of HKD 1.582 billion.
According to the news from the Zhitong Finance APP, JD Group-SW (09618) is now up over 3%, as of the time of writing, up 3.03%, at HKD 105.6, with a turnover of HKD 1.582 billion.
On the news front, JD Group announced that as of August 20, Walmart no longer holds any equity in the company. Other reasons for the change in stock price and volume are unknown. JPMorgan stated that Walmart's sale of JD shares is only a "short-term negative impact" event and will not affect JD's fundamentals. Investors are advised to buy JD stocks after the transaction is completed.
It is reported that on August 21, 2024, JD repurchased its shares for approximately USD 0.39 billion, using the repurchase limit approved in March 2024 of USD 3 billion share buyback program. CICC pointed out in mid-August that JD's second-quarter profits and buybacks exceeded expectations. As of June 30, 2024, the company has repurchased a total of USD 3.3 billion worth of shares this year, accounting for approximately 7.1% of its issued ordinary shares outstanding as of December 31, 2023, exceeding expectations in terms of buyback speed.