These 10 Firms Dominated Last Week’s Rally

8. JD.Com (NASDAQ:JD)

China-based e-commerce JD.Com (JD), also known as JingDong, booked an 18.07-percent rise in its stock price last week over a series of positive news and developments surrounding the company.

Last week, JD.Com (JD) earned a rating upgrade from investment banking firm Jefferies Group, buoyed by its strong performance in the fourth quarter of the year. Jefferies also raised its price target for JD.Com by 33 percent to $60 from $45 previously.

In other news, JD.Com (JD) recently sealed a partnership with a government-run technology company for the launch of an aquaculture farm in the southeast province of Guangdong.

Called the Jingdong Intelligent Fishery Industry Park, the two firms aim to produce 5,000 metric tons of output in 2025 worth $60.2 million with profits expected to be at $19.6 million.

Lastly, it introduced a gifting feature on its mobile application that would allow its users to pay and send products to one another.