Yes, I'd Absolutely Buy PDD Stock on This Huge Dip. Here's Why.
PDD(PDD) The Motley Fool·2024-08-31 09:12
Don't let the sheer scope of the sell-off deter you. The market's overreacting to management's cautious language regarding the future.It's been a tough past few days for PDD Holdings (PDD 2.88%) shareholders. The stock tumbled to the tune of 28% on Monday -- it's biggest-ever single-day setback -- following the release of its disappointing second-quarter results and alarming guidance. Shares have continued to fall since then, too. All told, PDD stock now sits more than 40% below its August peak.Rather than ...