Watch These PDD Stock Price Levels After Temu Parent Plummets on Revenue Miss

Key TakeawaysU.S.-traded shares of Temu parent PDD Holdings plunged 29% on Monday after the China-based online retailer posted revenue that came in below expectations amid intensifying competition.Investors fret that profitability may slow as the company increases investments to scale its business.PDD shares broke down from a rising wedge on above-average trading volume, indicating selling participation by institutional investors.Investors may look for buying opportunities at key support levels including $9 ...