In a filing, PDD Holdings Inc ADR revealed its Director Kam Anthony Ping Leung acquired Company’s shares for reported $0.27 million on Sep 25 ’24. In the deal valued at $113.80 per share,2,343 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
JP Morgan downgraded its PDD Holdings Inc ADR [PDD] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “an Outperform”. Citigroup also remained covering PDD and has decreased its forecast on August 27, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies maintained its rating on August 26, 2024. It rated PDD as “a Buy”.
Price Performance Review of PDD
On Tuesday, PDD Holdings Inc ADR [NASDAQ:PDD] saw its stock fall -0.54% to $98.45. Over the last five days, the stock has lost -2.22%. PDD Holdings Inc ADR shares have fallen nearly -32.71% since the year began. Nevertheless, the stocks have fallen -32.23% over the past one year. While a 52-week high of $164.69 was reached on 05/24/24, a 52-week low of $88.01 was recorded on 08/28/24. SMA at 50 days reached $123.17, while 200 days put it at $126.86.
Levels Of Support And Resistance For PDD Stock
The 24-hour chart illustrates a support level at 97.68, which if violated will result in even more drops to 96.92. On the upside, there is a resistance level at 99.65. A further resistance level may holdings at 100.86. The Relative Strength Index (RSI) on the 14-day chart is 30.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.34%. Stochastics %K at 9.61% indicates the stock is a buying.
How much short interest is there in PDD Holdings Inc ADR?
A steep rise in short interest was recorded in PDD Holdings Inc ADR stocks on 2024-10-31, dropping by -9.39 million shares to a total of 26.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 35.78 million shares. There was a decline of -35.57%, which implies that there is a negative sentiment for the stock.
