Why Is It Moving? Looking Into Why Pinduoduo's Stock is Trading Higher Today
Pinduoduo's Stock Price And Volume Action
Pinduoduo's (NASDAQ:PDD) stock has been rising Monday, up 12.19% to a price of $186.22. Monday the stock has been traded at a volume of 1.51 million, about 16.68% of its recent 30-day volume average of 9.07 million.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Pinduoduo shares are trading higher amid strength in Chinese stocks and after Bernstein initiated coverage on the stock with an Outperform rating and $210 price target.
Insights On Recent Price Action
The 50-day moving average price of Pinduoduo's stock was $152.07 when this article was published. The stock reached a high of $187.7 and a low of $30.2 in the past 52 weeks.
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