Why JD.com Stock Popped on Monday
Key Points Shares rose Monday morning as reports surfaced that JD's industrial services arm is preparing a Hong Kong IPO. The broader market was higher, with the S&P 500 and Nasdaq both up, adding a tailwind for growth names. Even after the bounce, JD trades at a low P/E and a 0.3 price-to-sales multiple. 10 stocks we like better than JD.com › Shares of JD.com (NASDAQ: JD) climbed as much as 3% as of 11 a.m. ET on Monday. The move came as investors reacted to fresh headlines about an initial publ ...