Stock Track | JD Logistics Soars 5.01% Intraday on Aggressive Buyback Program and AGM Approval

Stock Track06-29

JD Logistics' stock price soared 5.01% during intraday trading on Monday, reflecting strong investor interest.

The significant upward movement is primarily attributed to the company's persistent and aggressive share repurchase program throughout June, coupled with its Annual General Meeting (AGM) convening the same day to approve a fresh buyback mandate.

JD Logistics has conducted buybacks on nearly every trading day in June, with the board proposing at the AGM a general mandate to repurchase up to 10% of its issued share capital. This new authorization, if approved, would significantly expand the company's buyback capacity and signals continued management confidence in the stock's valuation.

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