fbpx

QQQ
+ 3.42
362.73
+ 0.93%
BTC/USD
+ 906.37
43921.99
+ 2.11%
DIA
+ 3.35
335.76
+ 0.99%
SPY
+ 4.25
429.38
+ 0.98%
TLT
+ 0.90
149.99
+ 0.6%
GLD
-0.65
166.69
-0.39%

Why Pinduoduo Shares Are Moving Today

July 15, 2021 12:03 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Shares of several China-based companies, including Pinduoduo (NASDAQ:PDD) are trading higher following data showing year-over-year growth in retail sales for the month of June.

In June, Chinese retail sales grew 12.1% from last year, while GPD grew by 7.9%.

Pinduoduo provides a platform for buyers with value-for-money merchandise and fun and interactive shopping experiences. Pinduoduo offers a social shopping experience that leverages social networks as an effective and efficient tool for buyer acquisition and engagement.

At the time of publication, shares of Pinduoduo were trading higher by around 1.64% at $110.76. Pinduoduo has a 52-week high of $212.60 and a 52-week low of $69.89.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to Benzinga Podcasts and our YouTube channel.


Related Articles

Is Now The Time To Buy Stock In Ford, Nvidia Or Pinduoduo?

Is Now The Time To Buy Stock In Ford, Nvidia Or Pinduoduo?

One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. read more

Is Now The Time To Buy Stock In Zscaler Or Pinduoduo?

One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. Here are the latest analyst ratings and updates for Zscaler and Pinduoduo. read more

What's Going On With Nio, Li Auto, Xpeng, Alibaba And Pinduoduo Stock Today?

Shares of several Chinese companies, including Nio Inc - ADR (NYSE: NIO), Li Auto Inc (NASDAQ: LI), Xpeng Inc - ADR (NYSE: XPEV), read more
Cathie Wood Continues Alibaba Selling With Just 40 Shares Left In Portfolio, Loads Up Heavily On These Chinese Rivals

Cathie Wood Continues Alibaba Selling With Just 40 Shares Left In Portfolio, Loads Up Heavily On These Chinese Rivals

Cathie Wood-led Ark Invest continued to trim the exposure of its exchange-traded funds to Alibaba Group Holding Ltd. (NYSE: BABA) stock on Thursday. read more