Pinduoduo Inc. PDD was a big mover last session, as the company saw its shares more than 6% 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 45.9% in the past one-month time frame.
The company has seen two 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 has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Pinduoduo Inc. Price
Pinduoduo Inc. price | Pinduoduo Inc. Quote
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