Why These 5 Stocks Are on the Move on Friday

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In this article we take a look at five stocks that are moving on Friday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are on the Move on Friday.

5. JD.com, Inc. (NASDAQ:JD) is off around 3% due to its peer Alibaba falling. If Alibaba is worth less, JD.com, Inc. (NASDAQ:JD) could also be worth less based on relative valuation. In addition, many Chinese internet stocks are lower today. Scott Devitt of Stifel has a $100 price target on JD.com, Inc. (NASDAQ:JD) and a ‘Buy’ rating, however.

Tiger Global Management LLC owned almost 51.6 million shares in JD.com, Inc. (NASDAQ:JD) at the end of June.

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