PDD Holdings Inc ADR’s recently made public that its Officer Zhao Jiazhen acquired Company’s shares for reported $3.9 million on Dec 30 ’24. In the deal valued at $97.45 per share,40,000 shares were bought.
Then, Zhao Jiazhen bought 16 shares, generating $1,598 in total proceeds.
Before that, Kam Anthony Ping Leung bought 2,343 shares. PDD Holdings Inc ADR shares valued at $266,633 were divested by the Director at a price of $113.80 per share.
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 jump 1.62% to $100.62. Over the last five days, the stock has gained 6.60%. PDD Holdings Inc ADR shares have risen nearly 3.74% since the year began. Nevertheless, the stocks have fallen -31.33% over the past one year. While a 52-week high of $164.69 was reached on 01/06/25, a 52-week low of $88.01 was recorded on 01/02/25. SMA at 50 days reached $107.43, while 200 days put it at $124.15.
Levels Of Support And Resistance For PDD Stock
The 24-hour chart illustrates a support level at 99.24, which if violated will result in even more drops to 97.86. On the upside, there is a resistance level at 101.39. A further resistance level may holdings at 102.16. The Relative Strength Index (RSI) on the 14-day chart is 47.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.31%. Stochastics %K at 48.57% indicates the stock is a holding.
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.
