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Pinduoduo (PDD) Jumps: Stock Rises 7.8%

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Zacks Equity Research
·2 min read
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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 breaks the recent trend of the company, as the stock is now trading above the volatile price range of $136.54 to $166.19 in the past one-month time frame.

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%.

Pinduoduo Inc. Sponsored ADR Price

Pinduoduo Inc. Sponsored ADR Price
Pinduoduo Inc. Sponsored ADR Price


Pinduoduo Inc. Sponsored ADR price | Pinduoduo Inc. Sponsored ADR Quote

Investors interested in the Internet - Commerce industry may consider Wayfair Inc. W, which has 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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Pinduoduo Inc. Sponsored ADR (PDD) : Free Stock Analysis Report
 
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