Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PDD Holdings Inc ADR shares valued at $3,898,000 were purchased by Zhao Jiazhen on Dec 30 ’24. At $97.45 per share, Zhao Jiazhen acquired 40,000 shares.
Also, Zhao Jiazhen purchased 16 shares, netting a total of over 1,598 in proceeds.
Before that, Kam Anthony Ping Leung had added 2,343 shares to its account. In a trade valued at $266,633, the Director bought PDD Holdings Inc ADR shares for $113.80 each.
As published in a research note from JP Morgan on November 22, 2024, PDD Holdings Inc ADR [PDD] has been rated down from an Overweight to a Neutral. Analysts at Macquarie upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of August 27, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for PDD. Earlier on August 26, 2024, Jefferies resumed its rating. Their recommendation was “a Buy” for PDD stock.
Analyzing PDD Stock Performance
During the last five days, there has been a surge of approximately 10.95%. Over the course of the year, PDD Holdings Inc ADR shares have jumped approximately 18.98%. Shares of the company reached a 52-week high of $116.69 on 01/30/25 and a 52-week low of $94.14 on 01/13/25. A 50-day SMA is recorded $102.78, while a 200-day SMA reached $123.08. Nevertheless, trading volume fell to 6.88 million shares from 5.06 million shares the previous day.
Support And Resistance Levels for PDD Holdings Inc ADR (PDD)
According to the 24-hour chart, there is a support level at 112.43, which, if violated, would cause prices to drop to 109.46. In the upper region, resistance lies at 117.53. The next price resistance is at 119.66. RSI (Relative Strength Index) is 69.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.32, which suggests the price will increase in the coming days. Percent R is at 5.72%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
