A downtrend has been apparent in PDD Holdings Inc. (PDD) lately with too much selling pressure. The stock has declined 14% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, ...

PDD (NASDAQ:PDD) stock is slipping on Tuesday after Morgan Stanley’s analysts provided a sour look at the company’s Temu e-commerce app.This new coverage comes from Morgan Stanley analysts Simeon Gutman and Brian Nowak in a note to clients. The two believe that the massive growth that Temu saw in 2023 is cresting and that sales on the platform are steadily slowing.All of this comes after PDD launched an aggressive ad campaign last year to promote the e-commerce service in the U.S. That included a Super Bowl ...

Concern over the direction of China’s economy is leading even the best Chinese stocks listed in New York, like PDD Holdings (NASDAQ:PDD) stock, lower this morning.PDD is Pinduoduo. It owns Temu, the shopping site Americans have been buying from relentlessly. Shares dropped 8% on Jan. 29 and another 3.5% overnight. The stock was due to open today near $125 per share.That’s still a rich valuation, a market capitalization of $172 billion on expected 2023 sales of $28 billion at current exchange rates. But near ...

Shares of PDD Holdings (PDD -8.05%) were falling today as the parent of Pinduoduo and Temu was swept up in the broader fallout after a Hong Kong court ordered liquidation of China Evergrande Group, which was once China's biggest real estate developer.As a result, the stock was down 7.6% as of 12:20 p.m. ET on Monday. China risk rears its head againU.S.-listed stocks were down broadly with the iShares MSCI China ETF (MCHI -2.31%) down 1.9% at the same time.Though the event doesn't seem to have a direct impac ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A page from the Temu website is seen, June 23, 2023, in New York. Temu, the China-founded online retailer surging in popularity in the United States, is opening its platform to U.S. and European sellers, a Temu spokesperson confirmed Thursday, Jan. 25, 2024. Credit: AP Photo/Richard Drew, File Temu, the online retailer owned by ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about PDD Holdings Inc. (PDD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.PDD Holdings Inc. currently has an average brokerage re ...

In the latest market close, PDD Holdings Inc. (PDD) reached $140.90, with a -0.33% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.29%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.43%.Coming into today, shares of the company had lost 2.15% in the past month. In that same time, the Retail-Wholesale sector gained 0.4%, while the S&P 500 gained 2.08%.The upcoming earnings release of PDD Holdings Inc. will be of great interest ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

1月17日，拼多多旗下跨境电商Temu正式上线南非站点。这也是Temu自去年9月上线以来进入的第49个国家，此前其已快速覆盖亚洲、欧洲、北美、南美、大洋洲及南非等，下载量突破2亿。 据媒体称，南非作为非洲第二大经济体，在互联网渗透率、社媒渗透率以及电商渗透率上都有着显著的优势，且预计到2025年，其电商用户将达3340万，电商渗透率将达53.1%，届时南非将会成为非洲电商规模最大的市场。 据研究机构 Similarweb披露数据，截止2023年12月，Temu的独立用户数量已达4.67亿，与全球速卖通齐平，位列全球电商排行榜第二名。亚马逊以26.59亿用户稳居第一，SHEIN以1.723亿用户排名第三。 综合自界面、雨果快报 ...

多多买菜本地生活项目，停下来 据拼多多内部人员证实，拼多多旗下社区团购业务多多买菜本地生活项目，目前已关停。 按照原计划，多多买菜本地生活项目预计于2024年2月春节后在全国上线，并由拼多多联席CEO赵佳臻带队。赵佳臻曾是多多买菜启动时最早负责开城的省区负责人。 为如期推进项目，多多买菜曾在2023年12月中旬启动本地生活到店业务招商工作。据了解，招商项目包含到店餐饮券、到店酒店券、景点门票券、电影票等，将从美团、抖音薄弱的三线下沉城市为重点开始突破。 根据晚点LatePost的消息，拼多多内部对于这一本地生活项目期望颇高。拼多多希望，在多多买菜本地生活业务上线后，用三个月的亏损冲击美团主业。随着美团碍于压力收缩甚至放弃美团优选，拼多多将成为其中的受益者。 然而，短短时间内，多多买菜本地生活项目就经历了巨大的命运波折。 拼多多为何关停多多买菜本地生活项目？这是否意味着，拼多多已经放弃了本地生活业务？ 为何关停？ 关停本地生活项目，或许是因为拼多多不想再打造一个“多多买菜”，更希望将精力投入到Temu，甚至再造“Temu”。 据晚点LatePost消息，多多买菜自2022年中开始领跑美团优选，成为市场中的*名。 ...