Pinduoduo
PDD
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NASDAQ
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46 Followers
Fair Price
$806.55
Undervalued by 37.2%
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What do you think of yesterday's drop in $PDD-0.4%stock ?
Pinduoduo reported results yesterday, which I thought were very good, as almost everything was up, and for example sales were up about 45% year over year. But despite the good results, the stock is down 10%, which could be an interesting buying opportunity.
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PDD as a Leading Company in Chinese E-commerce
Market Position:
- Leading e-commerce company: $PDD has become a leading e-commerce company in China due to its cost-effective positioning and the growth of the Temu marketplace.
- Market capitalization: after impressive first quarter results announced last Wednesday, $PDD's market capitalization has surpassed its strong competitor,...
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It's too volatile a stock for me. I don't like it when that growth stock is volatile.