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Why is Jayud Global Logistics Ltd (JYD) Stock down?
We've noticed a 6.93% decline in Jayud Global Logistics Ltd (JYD) stock during the 2024-11-22 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
22 Dec, 2023:
Jayud Global Logistics Ltd (JYD) stock dropped by 54.12% due to the disappointing new air charter agreement and analysts' downgrades for JYD stock. In details,
- New Air Charter Agreement: Jayud Global Logistics announced a significant air charter service agreement with JD Airlines. This collaboration aimed to expand Jayud's air freight capabilities, primarily on the Shenzhen-to-Clark route in the Philippines. The stock initially reacted positively to this agreement.
- Analyst Downgrades: However, investor sentiment soured due to analyst downgrades, particularly concerning the company's growth prospects. These downgrades weighed heavily on the stock's performance, resulting in the substantial decline.
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