Pinduoduo has been somewhat immune to the crisis with its shares rising 6.01% to $144.07 at 11:07 EST on Friday, following yesterday’s downward trend. The Nasdaq Stock Market is jumping 1.07% to $12,224.10, after three successive sessions in a row of gains, on what so far seems, an all-around positive trend trading session today.
Pinduoduo’s last close was $135.90, 8.01% under its 52-week high of $155.61.
Pinduoduo’s sales growth is 83.7% for the current quarter and 184.8% for the next. The company’s growth estimates for the present quarter and the next is 160% and 82.1%, respectively.
Pinduoduo’s stock is valued at $144.07 at 11:07 EST, below its 52-week high of $155.61 and way above its 52-week low of $30.20.
Pinduoduo’s value is way above its 50-day moving average of $105.81 and way higher than its 200-day moving average of $86.55.