JD.Com Inc(ADR) JD shares are trading higher by $2.00 (5.3 percent) at $41.96 in Monday's session.
The catalyst for the rally is a Q3 EPS beat of 13 cents along with a slight beat for revenues. The company raised Q4 sales guidance to $16.11 billion-$16.57 billion vs. $16.26 billion estimates.
See Also: How To Play Singles Day
After a higher open, JD continued in that direction until it peaked at $42.77 and reversed course. That high coincides with its September 28 high ($42.68). It came off that level quickly, but found support just ahead of the top of Friday's range ($40.40), only reaching $40.85.
At this time, it's attempting to remain in the $42.00 handle.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.