NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD) between April 30, 2021 and June 25, 2024, both dates inclusive (the “Class Period”), of the important October 15, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased PDD Holdings securities during the Class Period you may be entitled to compensation without p ...

Luis Alvarez PDD Holdings (NASDAQ:PDD) stock crashed almost 30% in one day this week after management delivered weak guidance. In this article, I will explain why I believe that the discounting of this stock is likely just beginning. PDD is still overvalued relative to its peers The first problem with PDD Holdings is its valuation relative to the Chinese e-commerce sector. The company is valued at a forward price/sales ratio of 2.34x, according to Seeking Alpha data. Using two of its obvious peers, we ...

A focus on growth over profit didn't help PDD's stock this week.Shares of PDD Holdings (PDD 2.29%), which owns the popular online marketplace Temu, fell as much as 32.9% in trading this week, according to data provided by S&P Global Market Intelligence. The company reported earnings that showed an astounding 86% increase in revenue, but the biggest news was management saying the focus would be on growth, not profits, in the future.PDD's prioritiesSecond-quarter 2024 revenue jumped 86% to $13.6 billion, and ...

PDD Holdings Inc PDD stock is flapping its wings wildly after hitting a Death Cross on the charts. The stock, down 33.62% year-to-date and -21.50% over the past month, just crossed that ominous technical threshold where the short-term moving average dips below the long-term average. Translation? The bearish clouds are thickening. Chart created using Benzinga ProTemu Trouble & Tumbling StocksPDD Holdings, the parent company of Temu, is feeling the heat. Temu’s low-priced lure is creating headaches for rivals ...

Let's look into why this hot tech stock suddenly turned cold.Over the past couple of years, PDD Holdings (PDD 4.77%), managed to defy a weakened Chinese e-commerce market and put up stellar growth (even as rivals struggled). It was only after the company reported second-quarter earnings results that warned of challenges ahead that the stock price took a hit.Let's take a closer look at the company's earnings as well as other issues involving PDD to see if investors should buy this latest dip or stay away.Str ...

NEWTOWN, Pa., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a leading class action law firm, announces that investors of PDD Holdings Inc. f/k/a Pinduoduo (NASDAQ: PDD) between April 30, 2021, and June 25, 2023, inclusive (the “Class Period”) may seek appointment as lead plaintiff in the pending securities fraud class action lawsuit. A copy of the Complaint can be found HERE. Investors who purchased PDD Holdings stock may move the U.S. District Court for the Eastern District of New York to appoint ...

LOS ANGELES, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming October 15, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired PDD Holdings Inc. (“PDD” or the “Company”) (NASDAQ: PDD) securities between April 30, 2021 and June 25, 2024, inclusive (the “Class Period”). If you suffered a loss on your PDD investments or would like to inquire about potentially pursuing claims to r ...

NEW YORK, Aug. 29, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD).Shareholders who purchased shares of PDD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/pdd-holdings-inc-f-k-a-pinduoduo-inc-loss-submission-form/?id=98730& ...

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SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired PDD Holdings Inc. (NASDAQ: PDD) securities between April 30, 2021 and June 25, 2024. PDD purports to be “a multinational commerce group that owns and operates a portfolio of businesses.” For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP ...