Back to top

Image: Bigstock

Pinduoduo (PDD) in Focus: Stock Moves 6.3% Higher

Read MoreHide Full Article

Pinduoduo Inc. (PDD - Free Report) was a big mover last session, as the company saw its shares more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 45.9% in the past one-month time frame.

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Pinduoduo. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Pinduoduo has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Pinduoduo Inc. Price

Investors interested in the Internet - Commerce industry may consider Wayfair Inc (W - Free Report) which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2020 today >>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Wayfair Inc. (W) - free report >>

Pinduoduo Inc. Sponsored ADR (PDD) - free report >>