Why JD.com, Inc. (JD) Surged On Thursday

We recently published a list of While Wall Street Naps, These 10 Stocks Run Wild. In this article, we are going to take a look at where JD.com, Inc. (NASDAQ:JD) stands against other best-performing stocks.

JD rallied by 4.31 percent on Thursday to close at $32.94 apiece, following three straight sessions of decline, as investors repositioned portfolios ahead of the company’s annual stockholders’ meeting on June 20.

Despite JD.com, Inc. (NASDAQ:JD) pointing out that no proposals were due for shareholder approval, it said that the event will accommodate questions and concerns from shareholders on the company’s affairs with the management.

A wide and imposing view of a supply chain distribution center, illustrating the company’s technology capabilities.

JD.com, Inc. (NASDAQ:JD), an e-commerce and logistics holding company based in China, registered a 53-percent increase in net income attributable to shareholders in the first quarter of the year, at 10.9 billion yuan versus the 7.1 billion yuan registered in the same period last year.

Net revenues increased by 15.8 percent to 301.1 billion yuan from 260 billion yuan in the same comparable period.

“Our performance was supported by improving consumer sentiment and continued enhancements to JD’s supply chain capabilities and user experience. User growth was particularly strong during the quarter, reflecting the increasing trust and mindshare JD has earned from consumers and further strengthening our ecosystem,” said CEO Sandy Xu.

“We are also seeing encouraging signs from new initiatives, and we believe these emerging opportunities will further position us for long-term, high-quality growth,” she added.

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Disclosure: None. This article is originally published at Insider Monkey.