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PDD / Pinduoduo stock shoots up after profit more than triples, as consumer sentiment recovers

Pinduoduo stock shoots up after profit more than triples, as consumer sentiment recovers
Shares of Pinduoduo Inc. PDD, -3.78% shot up 7.4% in premarket trading Monday, after the China-based company that connects agricultural producers with consumers reported second-quarter profit that more than tripled and revenue that rose well above expectations, citing "a recovery in consumer sentiment." Net income grew to RMB8.90 billion ($1.33 billion), or earnings of RMB6.22 per American depositary share (ADS), from RMB2.41 billion, or RMB1.69 per ADS, in the year-ago period. Read More
Posted: Aug 29 2022, 06:47
Author Name: Market Watch
Views: 110728

PDD News  

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1 Growth Stock Down Nearly 50% to Buy Now

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By Zacks Investment Research
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Why Has Pinduoduo's Stock Doubled in the Last 12 Months?

By The Motley Fool
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PDD Holdings Inc. (PDD) Surpasses Market Returns: Some Facts Worth Knowing

By Zacks Investment Research
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PDD Holdings Inc. (PDD) concluded the recent trading session at $106.96, signifying a +1.25% move from its prior day's close. more_horizontal

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By MarketBeat
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The stock, which has been on an impressive three-month run since reporting earnings, up over 55%, now boasts a $139 billion market capitalization and more_horizontal


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