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Pinduoduo Stock Rose 5% On Wednesday, Outperforms Market

Via News Editorial Team

December 2, 2020

Pinduoduo Stock Rose 5% On Wednesday, Outperforms Market
The Nasdaq Stock Market ended the session with Pinduoduo rising 5.51% to $144.06 on Wednesday while the Nasdaq Stock Market fell 0.05% to $12,349.40. Pinduoduo today's close was $144.06, 8.02% below its 52-week high of $155.61.

Pinduoduo's Sales

Pinduoduo's sales growth is 85.5% for the ongoing quarter and 188.7% for the next. The company's growth estimates for the current quarter and the next is 170% and 76.9%, respectively.

Pinduoduo's Stock Top and Bottom Yearly Value

Pinduoduo's stock is valued at $144.06 at 16:52 EST, below its 52-week high of $155.61 and way higher than its 52-week low of $30.20.

Pinduoduo's Moving Average

Pinduoduo's value is way above its 50-day moving average of $111.01 and way above its 200-day moving average of $88.71.