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0 0 8.14929508596765E-05 8.14929508596765E-05 0.000325971803438938 0.000733436557737668 0.000733436557737668 0.000733436557737668
Stock impact report

Why PDD Holdings Stock Topped the Market on Tuesday [Yahoo! Finance]

Pinduoduo Inc. - American Depositary Shares (PDD) 
Company Research Source: Yahoo! Finance
These 10 stocks could mint the next wave of millionaires › Chinese e-commerce stock PDD Holdings (NASDAQ: PDD) was a winner on Tuesday, rising to close the day 3% higher. That performance, inspired by an analyst's price target hike, was more than good enough to beat the 0.6% rise of the benchmark S&P 500 index. That morning, Freedom Capital Markets pundit Roman Lukianchikov pulled the switch on that price target move. He now feels PDD's American Depositary Shares (ADSes) are worth $170 apiece, well up from his previous estimation of $140. He maintained his buy recommendation on the company. According to reports, Lukianchikov wrote that PDD, perhaps best known for its lively Temu online shopping portal, is proving to be resilient in the face of recent challenges. These include the withdrawal of the de minimis exception for Chinese goods entering the U.S. and the American government's frequently erratic tariff regime. That said, the analyst flagged several potential areas of co Show less Read more
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