Pinduoduo Inc. PDD was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $31.40–$43.53 in the past one-month time frame, witnessed a sharp increase on Friday.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Pinduoduo currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Internet - Commerce industry may consider a better-ranked stock like Groupon, Inc. GRPN, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Click to get this free report Groupon, Inc. (GRPN) : Free Stock Analysis Report Pinduoduo Inc. Sponsored ADR (PDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research