Dropping for four consecutive days, JD.com closes at $38.83 (down 2.41%)

Published: March 19 2023, 17:26 GMT+0

Dropping for four consecutive days, JD.com closes at $38.83 (down 2.41%)

A quick look at Friday: during Friday's session, JD.com Inc. toiled and struggled for upward momentum before closing at $38.83. By the close, the the Chinese e-commerce company suffered a 96 cents or 2.41% loss.

  • Daily trading volume (11.39 million shares) increased, making up 104% of the 21-day average (10.99 million).

Friday's closing bell ended a trading session in which Nasdaq dropped by 0.74% to close at 11,631. JD.com was down Friday while similar drops were seen throughout the Consumer Cyclical sector (down 0.647%).

So far this year, the Chinese e-commerce company has declined 30.58% while touching highs around $66.47 earlier this year. So far this year, it has been under-performing the Nasdaq by 37.42%. JD.com's market cap currently stands at $71.33 billion with an average daily volume of 10.99 million shares. JD.com has a forecast of $273 billion with an EPS of 37 cents.

JD.com was not the only decliner in the consumer discretionary sector; Toyota lost 1.78% Friday and closed at $133.48. McDonald's closed at $267.2 (down 1.25%). Walt Disney lost 1.16% Friday and closed at $93.2.