Pinduoduo Inc PDD Stock Price Today, Quote & News

So for now, Alibaba is focusing on cutting costs and repurchasing its own shares to buoy its near-term margins and profits. Its Chinese commerce and cloud businesses remain sluggish, but it’s cutting costs and PDD stock buying back more shares to boost its earnings. This stock may move very much during the day and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk".

The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about Pinduoduo Inc. Sponsored ADR. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

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Pinduoduo has received a 6.19% net impact score from Upright. Pinduoduo seems to create the most significant positive value in categories "Taxes", "Meaning & joy", and "Jobs". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "E-commerce video software", "E-commerce search software", and "E-commerce platform software" products. Pinduoduo has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume. Pinduoduo has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view.

• There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer.
• The stock has risen by 21.01% since the beginning of the year, thereby showing the potential of a further growth.
• During the last day, the stock moved $3.58 between high and low, or 5.23%.
• Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
• A breakdown below any of these levels will issue sell signals.

This causes a divergence between volume and price and it may be an early warning. Some negative signals were issued as well, and these may have some influence https://dotbig.com/markets/stocks/PDD/ on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 15, 2022, and so far it has fallen -0.633%.

Sponsored ADR has been one of the stocks most watched by Zacks.com users lately. DotBig Yahoo Finance’s Jared Blikre breaks down how markets opened on Tuesday.

Charts on the Market’s Second-Quarter Performance

Captrust Financial Advisors now owns 636 shares of the company’s stock worth $26,000 after buying an additional 331 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Pinduoduo by 85.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 757 shares of the company’s stock worth $30,000 after buying an additional 349 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Pinduoduo in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 22.70% of the company’s stock. Nearly 0.17% of Pinduoduo Inc.’s shares belong to company insiders and institutional investors own 24.40% of the company’s shares.

Alibaba, JD.com and Other U.S.-Listed China Stocks Bounce BackU.S.-listed Chinese stocks had dropped after China’s government criticized some of the country’s top businesses. Cathie Wood’s Ark Files for ETF That Resembles ESG FundARK Transparency ETF would exclude alcohol, banking, chemicals, confectionary, tobacco, oil and gambling stocks among others. All investments involve risks, including https://dotbig.com/markets/stocks/PDD/ the loss of principal. Securities trading offered through Robinhood Financial LLC, Member SIPC and a registered broker-dealer. Robinhood gives you the tools you need to put your money in motion. You can buy or sell Pinduoduo and other ETFs, options, and stocks. With a market capitalization of $89,465,083,622, PINDUODUO INC has a greater market value than 97.69% of US stocks.

PDD Holdings-Backed Temu Offers Early Christmas Deals

Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China. The U.S.-listed shares of China-based companies enjoyed a broad rally Wednesday, after China regulators released , another sign of easing of the regulatory crackdown on the country’s technology sector. At the same time, the growth of Alibaba’s cloud business decelerated as macro headwinds curbed the market’s appetite for its cloud-based services.

NASDAQ:PDD

No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the DotBig SEC has been qualified by the SEC. An indication of interest to purchase securities involves no obligation or commitment of any kind.

Sign-up to receive the latest news and ratings for PDD and its competitors with MarketBeat’s FREE daily newsletter. BOSTON , Nov. 5, 2022 /PRNewswire/ — Temu, the online marketplace offering year-round wholesale prices, is raising the bar on customer care by giving consumers unprecedented transparency on sellers and… Here at Zacks, we prioritize appraising the change pdd stock forecast in the projection of a company’s future earnings over anything else. That’s because we believe the present value of its future stream of earnings is what determines the fair value for its stock. There may be delays, omissions, or inaccuracies in the Information. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank.

PDD Key Statistics

PDD had an earlier breakup of an Adam & Eve formation (@ neckline1) that subsequently failed. From Dec. you can see a bottoming formation on the daily chart, and price is back above the yellow line now. 20sma is sloped upward while price has taken a breather and brought RSI down to retest 50. If today it is back at/over 50 after market close, then today’s candle https://dotbig.com/ is a signal for another leg up. However, the broad group of China-based U.S.-listed stocks has taken another turn downward, reacting poorly to the recently-completed National Chin… American investors are ultra-bearish on Chinese stocks right now. The reelection of President Xi Jinping and his focus on nationalism over economic growth has darkened the mood.