Market Overview

Why Pinduoduo's Stock Is Trading Lower Today

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Pinduoduo Inc. (NASDAQ: PDD) shares are trading lower on Wednesday, after Barclays downgraded the company's stock from Overweight to Equal-Weight.

Pinduoduo provides a platform for buyers with value-for-money merchandise and fun and interactive shopping experiences. The company mobile platform offers a comprehensive selection of priced merchandise, featuring a social shopping experience that leverages social networks as an effective and efficient tool for buyer acquisition and engagement. The company's whole revenue is derived from within the People's Republic of China.

Pinduoduo shares were trading down 7.12% at $60.27 on Wednesday. The stock has a 52-week high of $69.69 and a 52-week low of $18.46.

Related Links:

Pinduoduo Trades Sharply Higher On Q2 Earnings Beat

Pinduoduo Falls 20% On Q3 Earnings Miss

Latest Ratings for PDD

DateFirmActionFromTo
Jun 2020BernsteinInitiates Coverage OnOutperform
May 2020BarclaysDowngradesOverweightEqual-Weight
May 2020B of A SecuritiesReiteratesNeutral

View More Analyst Ratings for PDD
View the Latest Analyst Ratings

 

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Posted-In: why it's movingDowngrades Analyst Ratings

Latest Ratings

StockFirmActionPT
TYGB of A SecuritiesUpgrades
ZIONB of A SecuritiesMaintains39.0
RFB of A SecuritiesMaintains13.0
PNCB of A SecuritiesMaintains123.0
HBANB of A SecuritiesMaintains11.0
View the Latest Analytics Ratings
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