US Stock MarketDetailed Quotes
PDD PDD Holdings
- 154.270
- +1.650+1.08%
Close Oct 4 16:00 ET
- 154.800
- +0.530+0.34%
Post 20:02 ET
214.25BMarket Cap16.17P/E (TTM)
155.670High150.680Low21.11MVolume153.480Open152.620Pre Close3.24BTurnover2.82%Turnover Ratio26.41P/E (Static)1.39BShares164.69052wk High5.94P/B115.36BFloat Cap88.01052wk Low--Dividend TTM747.77MShs Float212.597Historical High--Div YieldTTM3.27%Amplitude16.530Historical Low153.229Avg Price1Lot Size
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PDD Holdings Stock Forum
Lets not forget that this company reported poor earnings in the previous quarter, dropping from a price of about $145 to $90 within a span of a few days.
From the low level of $90, the China Stimulus would be expected to boost this company but not above their previous quarter results of $145.
Stimulus package by China could be useful but we may not be seeing the effects anytime soon, making the current stock price of $153 a little overvalued.
PT: $135
Todd Rosenbluth, Head of Research at VettaFi, joins Wealth! to discuss strategies for investors to engage in the China trade without focusing on individual stocks.
"For much of the year, China has underperformed the broader emerging markets...
These monetary and fiscal measures are the largest economic support package in China in more than three years. The market impact was immediate, but Middle East conflict and this week’s holiday in China may mean markets have not fully priced the economic support.
The Chinese government’s program is far-reaching, contain...
Interestingly, while exploring the “light bulb” button d...
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