JD.Com Inc(ADR) Price Target Raised to $53.00 at Wed (JD)
The analysts wrote, “Everything the market hated yesterday it loved today, Jim Cramer told his Mad Money viewers Thursday as the market changed on a dime, reversing most of Wednesday’s trends.
Today, growth is once again in fashion, as the successful IPO of the Chinese-based JD.com (JD) proved. Once JD’s shares hit the tape, all of the growth names began to rally because Wall Street forgot why it hated them just a day ago.
That was evident with Salesforce.com (CRM), Cramer continued. The company posted a strong quarter on Tuesday and saw its shares fall on Wednesday from $53 to $50 a share, despite much analyst praise. Today, Salesforce rallied 6%, sending its shares right back to $53 a share.”
Shares of JD.Com In (NYSE:JD) traded up 10.00% during mid-day trading on Thursday, hitting $20.90. The stock had a trading volume of 84,449,680 shares. JD.Com In has a one year low of $20.24 and a one year high of $22.80. The stock’s 50-day moving average is $20. and its 200-day moving average is $20.. The company’s market cap is $15.295 billion.
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