JD - 1 Growth Stock Down 73% to Buy Right Now
2024-06-26 06:19:00 ET
The past three years have been tough for China's e-commerce outfit JD.com (NASDAQ: JD) . Ditto for shareholders.
Like so many other names in the business, this company and its stock sizzled during and because of the COVID-19 pandemic. Then, like so many of its peers, the wind-down of the contagion and the subsequent economic malaise have proven challenging for JD. Shares are down 73% from their early 2021 peak and still just 32% above the multiyear low reached this past January. Investors are understandably discouraged.
As the old adage goes, it's darkest before the dawn. This is precisely the time forward-thinking investors should be stepping into a new position in JD stock.
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1 Growth Stock Down 73% to Buy Right Now