13F Shows Appaloosa LP Increased Stake in PDD Holdings Inc by 1.33M Shares, or +171%, to 2.1M Shares, Valued at $244.13M
Portfolio Pulse from Benzinga Newsdesk
Appaloosa LP has significantly increased its stake in PDD Holdings Inc by 1.33 million shares, a 171% increase, bringing its total to 2.1 million shares valued at $244.13 million.
May 15, 2024 | 8:26 pm
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Appaloosa LP has increased its stake in PDD Holdings Inc by 1.33 million shares, a 171% increase, bringing its total to 2.1 million shares valued at $244.13 million.
The significant increase in stake by a prominent investment firm like Appaloosa LP is likely to be viewed positively by the market, potentially driving up the stock price of PDD Holdings Inc in the short term.
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