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What will be the percentage increase in JD.com's stock price by December 31, 2024?
3
Resolution / Starting Odds
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Stock price data from financial news websites like Bloomberg or Reuters
Story
JD.com Announces $5 Billion Share Buyback Over 36 Months, Stock Jumps 5%
Aug 27, 2024, 10:42 AM
Chinese e-commerce giant JD.com has announced a new share repurchase program, approving the buyback of up to $5 billion of its shares over the next 36 months, ending in August 2027. The decision comes as the company seeks to reward shareholders following a decline in its stock over the past three years. The announcement led to a 5% jump in JD.com's stock price. The repurchase program includes American Depositary Shares (ADSs) and will be conducted based on market conditions starting September 2024.
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