NASDAQ Composite opens in less than two hours and Pinduoduo’s premarket value is already 3.25% up.
The last session, NASDAQ Composite ended with Pinduoduo dropping 5.58% to $176.75. NASDAQ Composite dropped 0.61% to $12,740.79, following last session’s downward trend on what was a somewhat rough trend trading session.
Pinduoduo’s last close was $187.20, 6.20% below its 52-week high of $187.70.
Pinduoduo’s sales growth is 88.8% for the present quarter and 194% for the next. The company’s growth estimates for the present quarter and the next is 160% and 74.4%, respectively.
Pinduoduo’s Stock Yearly Top and Bottom Value
Pinduoduo’s stock is valued at $176.75 at 07:55 EST, under its 52-week high of $187.70 and way above its 52-week low of $30.20.
Pinduoduo’s Moving Average
Pinduoduo’s worth is way above its 50-day moving average of $148.61 and way higher than its 200-day moving average of $102.82.
Pinduoduo’s last day, last week, and last month’s average volatility was 12.24%, 5.65%, and 1.30%, respectively.
Pinduoduo’s last day, last week, and last month’s high and low average amplitude percentage was 9.54%, 9.07%, and 6.75%, respectively.
Previous days news about Pinduoduo
Pinduoduo worker’s death renews scrutiny of 996 work culture. According to Bloomberg Quint on Monday, 4 January, "The recent death of a Pinduoduo Inc. employee renewed criticism of the long hours commonly practiced at China’s tech companies, which are already under scrutiny by regulators for anti-competitive business practices.", "Despite the year-end sell-off in Alibaba and its peers, Pinduoduo has emerged relatively unscathed with its stock rising to a record on Dec. 30. "