Pinduoduo Stock Bullish Momentum With An Over 4% Rise So Far Today

Pinduoduo shares are up by 4.01% to $137.69 at 10:05 EST on Thursday. The Nasdaq Stock Market is sliding 0.82% to $11801.6, on what seems, as yet, a somewhat negative exchanging session on The Nasdaq Stock Market. Pinduoduo's last close was $132.37, below its 52-week high of $155.61. Pinduoduo's sales growth is 81.5% for the current quarter and 182% for the next. The company's growth estimates for the present quarter and the next are 100% and 84.6%, respectively. Pinduoduo's stock is valued at $137.69 at 10:05 EST, way under its 52-week high of $155.61 and way above its 52-week low of $30.2. Pinduoduo's value is way higher than its 50-day moving average of $93.96 and way above its 200-day moving average of $82.96.