5 Stocks Gaining Ground on Tuesday

4. JD.com, Inc. (NASDAQ:JD) is up 2.41% as of 11:58 AM ET after the Chinese Vice Premier’s meeting with tech officials today raised hopes regarding ease in crackdown on the tech sector. The Chinese government is expected to lighten regulations regarding anti-trust and data protection laws. Moreover, JD.com, Inc. (NASDAQ:JD) recorded a profit of 2.53 yuan per ADS for the quarter ended March 31, higher than the analysts’ estimate of 1.62 yuan.

Out of the 924 hedge funds in Insider Monkey’s database, 67 funds held a stake in JD.com, Inc. (NASDAQ:JD) as of Q4 2021. Tiger Global Management LLC was long over 48 million shares of JD.com, Inc. (NASDAQ:JD) during Q1 2022.