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Pinduoduo Stock Falls So Far On Monday, Underperforms Market

Via News Editorial Team

November 30, 2020

Pinduoduo Stock Falls So Far On Monday, Underperforms Market

Even though Pinduoduo has been somewhat immune to the crisis, shares falling 4.33% to $137.81 at 14:09 EST on Monday, following yesterday's upward trend. The Nasdaq Stock Market is dropping 0.37% to $12,161.20, after four sequential sessions in a row of gains, on what at the moment seems, a somewhat negative trend exchanging session today.

Pinduoduo's last close was $144.05, 12.92% below its 52-week high of $155.61.

Pinduoduo's sales growth is 84.4% for the current quarter and 188.9% for the next. The company's growth estimates for the ongoing quarter and the next is 170% and 76.9%, respectively.

Pinduoduo's stock is valued at $137.81 at 14:09 EST, way under its 52-week high of $155.61 and way higher than its 52-week low of $30.20.

Pinduoduo's worth is way higher than its 50-day moving average of $108.67 and way above its 200-day moving average of $87.60.