PDD Stock Sinks on Revenue Warning. Should Investors Buy the Dip?
PDD(PDD) The Motley Fool·2024-08-30 08:45Let'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 ...