Pinduoduo Stock Bearish By 14% At Session Start On Monday

(VIANEWS) – Shares of Pinduoduo (NASDAQ: PDD) fell by a staggering 14.91% to $78.23 at 10:18 EST on Monday, after two successive sessions in a row of losses. NASDAQ is sliding 0.74% to $11,630.51, following the last session’s downward trend. This seems, at the moment, a somewhat negative trend trading session today.

Pinduoduo’s last close was $91.94, 13.57% below its 52-week high of $106.38.

About Pinduoduo

Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.

Earnings Per Share

As for profitability, Pinduoduo has a trailing twelve months EPS of $-0.93.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 32.76%.

Volatility

Pinduoduo’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.28%, a negative 1.12%, and a positive 2.80%.

Pinduoduo’s highest amplitude of average volatility was 2.71% (last week), 3.60% (last month), and 2.80% (last quarter).

More news about Pinduoduo (PDD).

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