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JD.com Stock Continued Its Downward Spiral on September 24

JD.com Stock Continued Its Downward Spiral on September 24

China-based (FXI) Internet giant JD.com (JD) saw its stock fall 7.5% on September 24 and closed trading at $24.51. JD.com lost ~$2.7 billion in market value on the day. The stock is currently trading 0.5% above its 52-week low of $24.38 and 52.0% below its 52-week high of $50.68. The stock has lost 41.0% year-to-date and 22.0% in September.