JD Logistics stock plummeted 5.02% during intraday trading on Friday, retreating sharply after recent gains.

The decline comes as investors took profits following two consecutive sessions of strong gains driven by better-than-expected first-quarter results and the company's landmark share buyback plan. JD Logistics reported Q1 revenue growth of 29% year-over-year and a 40.1% surge in adjusted net profit, alongside a commitment to repurchase up to $1.2 billion worth of shares over the next 48 months.

The pullback also coincided with broader weakness across the air freight and logistics sector, contributing to the stock's downward movement during the trading session.