JD.com (NASDAQ:JD; HKG:9618) trades close to 52-week low after 618 data, Daiwa trims target
JD.com’s U.S. shares closed at $25.39, just above their 52-week low, after Daiwa cut its rating to Hold and slashed its target to $27 from $47, citing weak 618 festival results and macro headwinds; the ADS lost 7.91% over five days, and the Hong Kong shares ended only 0.2% above their own 52-week low.