JD.Com Inc(ADR) JD shares are trading higher by $1.24 at $21.27 in Monday's session. The catalyst for the rally is the announcement that the company will working with Wal-Mart on "a wide range of business initiatives," including online and offline.
The issue, which made a new all-time low on Thursday at $19.51, is now back in the mid-$21 handle.
After a higher open, it retreated only $0.06 to $20.60 before continuing its move higher. So far, it barley made it in the $22 handle as $22.04 stands as the current high for the day. That is just above its June 9 high ($21.82), but shy of its June 8 at $22.27.
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