Why Pinduoduo Is Trading Lower Today
The Price And Volume Action In Pinduoduo's Stock Today
Pinduoduo's (NASDAQ:PDD) stock has been falling Tuesday, down 5.42% to a price of $127.97. Tuesday the stock has been traded at a volume of 1.34 million, about 15.26% of its recent 30-day volume average of 8.77 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 lower after China Renaissance downgraded the stock from Buy to Hold.
Perspective On Recent Price Action
The stock's 50-day moving average was $158.7 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $212.6 and fallen to a low of $42.77.
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