Streetbeat News

PDD

PDD Holdings Inc.

https://www.pddholdings.com

Industry

Specialty Retail

PDD Holdings Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It owns and operates a portfolio of businesses, including Temu, an e-commerce marketplace in the United States; and operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.

Open

125.16

Mkt cap

175B

Volume

9.8M

High

127.26

P/E Ratio

13.29

52-wk high

164.69

Low

123.50

Div yield

N/A

52-wk low

88.01

Deep-pocketed investors are showing a bearish sentiment towards PDD Holdings (NASDAQ:PDD) as revealed by Benzinga's options scanner. The options market has seen 38 extraordinary activities, with 52% of investors leaning bearish. The stock is currently down by 5.23% at $92.64, and RSI readings suggest it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 4:30 pm

The U.S. Consumer Products Safety Commission (CPSC) has called for an investigation into e-commerce platforms Shein and Temu, owned by PDD Holdings Inc., over allegations of selling dangerous baby products. The probe will assess compliance with CPSC regulations and the management of third-party sellers. The use of the de minimis rule, which allows packages under $800 to avoid tariffs, is also under scrutiny. This investigation highlights the regulatory challenges faced by Chinese retailers in the U.S. market.

Portfolio Pulse from Benzinga Neuro

September 04, 2024 | 7:22 am

The article highlights unusual options activity for several consumer discretionary stocks, indicating potential trading opportunities. Notable mentions include bearish call sweeps for AMZN and TSLA, bullish put trades for DPZ and GM, and a bullish call trade for PDD.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 5:35 pm

Chinese stocks like Alibaba, Li Auto, and Baidu are experiencing a pre-market decline due to a drop in the Shanghai Composite Index, influenced by a fall in Chinese bank stocks. This has led to a selloff in Chinese firms listed in the U.S.

Portfolio Pulse from Pooja Rajkumari

September 03, 2024 | 11:11 am

The article highlights significant options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in stocks like AMZN, TSLA, BABA, IRBT, PDD, DASH, ABNB, RCL, LULU, and LI. These trades indicate varying market sentiments, from bullish to bearish, and could signal potential trading opportunities.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 5:35 pm

PDD Holdings Inc. and Tesla Inc. have significant cash reserves but do not offer dividends or share buybacks, raising investor concerns. PDD's lack of transparency and decision not to return capital to shareholders has led to a 31% stock drop, while Tesla's strategy is more accepted due to clearer communication.

Portfolio Pulse from Surbhi Jain

September 02, 2024 | 2:15 pm

Several large-cap stocks experienced significant declines last week, with Dollar General, Super Micro Computer, and others reporting disappointing earnings or other negative news. Analysts have adjusted price targets accordingly.

Portfolio Pulse from Lekha Gupta

September 02, 2024 | 1:55 pm

The article covers various tech and economic developments, including Canada's tariffs on Chinese imports, earnings results from PDD Holdings and Nvidia, and new product launches by Amazon and Apple. It also discusses legal and social media issues involving Telegram and Starlink.

Portfolio Pulse from Lekha Gupta

September 02, 2024 | 1:07 pm

PDD Holdings Inc (NASDAQ:PDD) saw its stock fall 22% in August due to revenue missing expectations, despite strong earnings. Analysts have adjusted price targets, with Citigroup downgrading the stock. The company faces challenges with slower revenue growth and competition.

Portfolio Pulse from Henry Khederian

August 30, 2024 | 7:19 pm

The article highlights significant options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in companies like TSLA, AMZN, PDD, and others. These trades can indicate potential market movements.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 5:35 pm

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