Largest Negative One-Day Changes for PDD

How does PDD usually behave after a large single-day down move in the stock price?

Using the 12 largest single-day down moves over the last 3 years in PDD stock, the average move was -7.7% with the single largest daily move of -9.5% occurring on 21-Feb-2023. The following day, PDD stock price averaged -0.2% losses, with down moves exceeding up moves. The stock was down 58% of the time in that period one day after these significant moves. Earnings dates have been excluded from this analysis.

Catalysts

4 of the moves coincided with a company-issued press release.

1 Week After

The following week, PDD stock price averaged -2.3% losses, with down moves exceeding up moves across 12 observations. The stock was down 75% of the time in that period one week following these significant moves.