Shares of Consumer Cyclical sector company Pinduoduo moved -28.6% today, and are now trading at a price of $42.08. It is falling along with many other Chinese stocks over fears of worsening economic conditions under Xi Jinping's cemented leadership over the country.
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. The company is based in Shanghai and has 9,762 full time employees. Its market capitalization is $52,738,568,192.
34 analysts are following Pinduoduo and have set target prices ranging from $44.98 to $137.94 per share. On average, they have given the company a rating of buy. At today's prices, PDD is trading -41.0% away from its average analyst target price of $71.32 per share.
For a deeper fundamental analysis into Pinduoduo and other market moving stocks, subscribe to our free newsletter today!