Pinduoduo Inc. PDD was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 53.4% in the past one-month time frame.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Pinduoduo. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Pinduoduo currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Pinduoduo Inc. Sponsored ADR Price
Pinduoduo Inc. Sponsored ADR price | Pinduoduo Inc. Sponsored ADR Quote
Investors interested in the Internet - Commerce industry may consider a better-ranked stock like Booking Holdings Inc. BKNG, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is PDD going up? Or down? Predict to see what others think:Up or Down
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Pinduoduo Inc. Sponsored ADR (PDD) : Free Stock Analysis Report
Booking Holdings Inc. (BKNG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research