The Nasdaq Stock Market opens in less than three hours and Pinduoduo’s premarket value is already 2.72% up.
Last session, the Nasdaq Stock Market ended with Pinduoduo dropping 5.34% to $139.02. The Nasdaq Stock Market rose 0.51% to $12,807.90, after two consecutive sessions in a row of losses, on what was a somewhat positive trend exchanging session.
Pinduoduo’s last close was $146.87, 17.32% under its 52-week high of $163.10.
Pinduoduo’s sales growth is 86.9% for the current quarter and 191% for the next. The company’s growth estimates for the present quarter and the next is 160% and 74.4%, respectively.