PDD Holdings Inc. (PDD) Surges 10.5%: Is This an Indication of Further Gains? [Yahoo! Finance]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.2% gain over the past four weeks. Pinduoduo extended its rally, driven by a strong momentum across its online marketing and transaction services. The company's continuous efforts to strengthen the agriculture and grocery businesses remain noteworthy. Strengthening partnerships with local communities, shops, farmers and agri-merchants are a plus. This company is expected to post quarterly earnings of $1.60 per share in its upcoming report, which represents a year-over-year change of +58.4%. Revenues are expected to be $10.42 billion, up 90.1% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For PDD Holdings Inc., the
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PDD
News
- PDD Holdings to Report First Quarter 2024 Unaudited Financial Results on May 22, 2024GlobeNewswire
- Chinese e-commerce giants face delicate balance between discounts, profit [Yahoo! Finance]Yahoo! Finance
- PR executive at Chinese tech firm Baidu apologizes for comments seen as glorifying overwork [MSNBC.com]MSNBC.com
- PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash [Yahoo! Finance Canada]Yahoo! Finance Canada
- PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash [Financial Post (Toronto, Ontario, Canada)]Financial Post
PDD
Earnings
- 3/20/24 - Beat
PDD
Sec Filings
- 4/25/24 - Form 20-F
- 3/27/24 - Form 144
- 3/26/24 - Form 144
- PDD's page on the SEC website