Pinduoduo Stock Over 4% Up on Friday: Will it Correct Today?

Pinduoduo's shares rose 4.28% to $143.55 at session end on Friday, after two successive sessions in a rows of gains. The Nasdaq Stock Market dropped 0.42% to $11855, on what was a somewhat rough trend exchanging session on The Nasdaq Stock Market. Pinduoduo's last close was $137.66, below its 52-week high of $155.61. Pinduoduo's sales growth is 84% for the current quarter and 183.1% for the next. The company's growth estimates for the ongoing quarter and the next is 120% and 84.6%, respectively. Pinduoduo's stock is valued at $143.55 at 04:05 EST, 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 $97.35 and way higher than its 200-day moving average of $83.7.