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Pinduoduo Stock Rose On Wednesday, Outperforms Market

Via News Editorial Team

December 16, 2020

Pinduoduo Stock Rose On Wednesday, Outperforms Market

The Nasdaq Stock Market ended the session with Pinduoduo rising 2.42% to $145.47 on Wednesday, after three consecutive sessions in a row of losses. The Nasdaq Stock Market jumped 0.5% to $12,658.20, after two consecutive sessions in a row of gains, on what was a somewhat positive trend exchanging session today.

Pinduoduo today's close was $145.47, 12.12% below its 52-week high of $163.10.

Pinduoduo's Sales

Pinduoduo's sales growth is 86.3% for the present quarter and 190% for the next. The company's growth estimates for the current quarter and the next is 170% and 74.4%, respectively.

Pinduoduo's Stock Top and Bottom Yearly Value

Pinduoduo's stock is valued at $145.47 at 17:44 EST, way below its 52-week high of $163.10 and way above its 52-week low of $30.20.

Pinduoduo's Moving Average

Pinduoduo's value is way above its 50-day moving average of $128.56 and way above its 200-day moving average of $94.56.