PDD Stock Summary and Trading Ideas (PDD Holdings - American Depositary Shares | NASDAQ:PDD)

PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.

PDD Holdings - American Depositary Shares trades on the NASDAQ stock market under the symbol PDD.

As of November 22, 2024, PDD stock price declined to $100.07 with 19,359,493 million shares trading.

PDD has a beta of 0.90, meaning it tends to be less sensitive to market movements. PDD has a correlation of 0.03 to the broad based SPY ETF.

PDD has a market cap of $138.97 billion. This is considered a Large Cap stock.

Last quarter PDD Holdings - American Depositary Shares reported $14 billion in Revenue and $2.65 earnings per share. This fell short of revenue expectation by $-312 million and missed earnings estimates by -$.17.

In the last 3 years, PDD traded as high as $164.69 and as low as $23.21.

The top ETF exchange traded funds that PDD belongs to (by Net Assets): QQQ, VXUS, VWO, IEMG, KWEB.

PDD has underperformed the market in the last year with a price return of -14.7% while the SPY ETF gained +32.9%. PDD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -31.4% and -20.5%, respectively, while the SPY returned +6.5% and 0.0%, respectively.

PDD support price is $101.26 and resistance is $106.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PDD shares will trade within this expected range on the day.