PDD Holdings Plunges 5.1% Since Q3 Earnings: Time to Sell the Stock?
PDD(PDD) ZACKS·2024-11-29 16:21
PDD Holdings (PDD) has witnessed a decline of 5.1% since its third-quarter earnings release on Nov. 21, signaling growing investor concerns about the company's future prospects. While the Chinese e-commerce giant reported 44% year-over-year revenue growth to RMB99.4 billion ($14.16 billion), the sequential growth momentum has notably decelerated, raising red flags about the company's ability to maintain its historic growth trajectory.Share Price MovementImage Source: Zacks Investment ResearchIntensifying Co ...