Why JD.Com Stock Is Soaring Higher

JD.Com Inc JD shares are trading higher by 3.43% to $73.20 Monday morning amid loosened COVID-19 restrictions in China and a meeting between Chinese President Xi and President Biden.

What Else?

Chinese Premier Li Keqiang said the country’s economy has grown 3% over the past three quarters and is stabilizing on an "upward trend" while he vowed to continue supporting the economy with policy measures, reported Reuters.

China reported 14,878 new COVID-19 infections for Nov. 12, which include a record number of new daily cases in Beijing, as well as in manufacturing hubs Guangzhou and Zhengzhou, reported Reuters...Read More

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According to data from Benzinga Pro, JD has a 52-week high of $92.69 and a 52-week low of $33.17.