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Tag: Symbol: JD

Walmart gears up for holidays with multichannel solutions, import improvements after JD stake sale – Walmart (NYSE:WMT)

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Walmart gears up for holidays with multichannel solutions, import improvements after JD stake sale – Walmart (NYSE:WMT)

Walmart Inc. WMT Shares are trading higher in premarket trading on Wednesday. On Tuesday, the retail giant announced several new initiatives ahead of the holiday season. Initiatives include category expansion, multi-channel order fulfillment and new features to simplify cross-market selling. The company announced the expansion of the Premium Beauty, Secondhand and Collectibles categories. In addition, […]

Walmart recovers, JD.com weakens – Alibaba Gr Hldgs (NYSE:BABA), Costco Wholesale (NASDAQ:COST)

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Walmart recovers, JD.com weakens – Alibaba Gr Hldgs (NYSE:BABA), Costco Wholesale (NASDAQ:COST)

Key findings: Walmart sold its stake in JD.com at a time when its Chinese business is benefiting from a growing local preference for Costco’s warehouse-style shopping. JD.com continues to face strong competition in China’s tough e-commerce market as consumption in the country remains sluggish By Xiao Lin There are no eternal allies […]

JD stock slips into death cross after Walmart sells stake – JD.com (NASDAQ:JD)

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JD stock slips into death cross after Walmart sells stake – JD.com (NASDAQ:JD)

JD.com Inc. JD The stock has entered bearish territory, with a Death Cross a sign of a possible downturn. The e-commerce giant is down 1.16% year-to-date and 20.51% over the past year, although it has posted a slight uptick of 2.6% over the past month. The recent sell-off by Walmart Inc. WMT Adding to the […]

What’s happening to Walmart stock after Target’s strong Q2 results? – Walmart (NYSE:WMT)

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What’s happening to Walmart stock after Target’s strong Q2 results? – Walmart (NYSE:WMT)

Walmart Inc. WMT Shares are trading higher in the morning session on Wednesday. Retail and consumer discretionary stocks are trading higher after Target company TGT reported strong second-quarter results and raised its earnings forecast. Adjusted quarterly earnings per share were $2.57 (+40%), beating the Street view of $2.20. Target reported revenue of $25.45 billion (+2.7%), […]

Alibaba rival JD.Com plunges over 7% in premarket trading after largest shareholder Walmart sells shares for reportedly $3.74 million – JD.com (NASDAQ:JD), Walmart (NYSE:WMT)

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Alibaba rival JD.Com plunges over 7% in premarket trading after largest shareholder Walmart sells shares for reportedly .74 million – JD.com (NASDAQ:JD), Walmart (NYSE:WMT)

Walmart Inc. WMT has announced plans to sell its stake in the Chinese e-commerce giant and Alibaba-Rival JD.com Inc. JDwhich caused JD.com’s shares to plummet. The decision comes as Walmart shifts its focus to its own operations in China, according to the SEC filing. What happened: Walmart is seeking to raise up to $3.74 billion […]