JD.com Hits New All-Time High After Q1 Beat

JD.Com Inc(ADR) JD shares are trading higher by $3.20 (8.8 percent) at $38.98 in Monday's session.

The catalyst for the rally in the Chinese online direct sales company is a solid Q1 beat of $0.14 along with a revenue beat of $410 million.

The rally from pre-market trading carried over into the regular session. After a much higher open, JD.Com had a brief $0.19 retreat to $37.69 before continuing its move higher.

It easily cleared its former all-time high of $38.00 and has climbed into the $39.00 for the first time ever.