PDD Holdings (PDD) ADR Recovers Losses, Edges into Positive Territory on NASDAQ
NEW YORK – PDD Holdings Inc – ADR (PDD) demonstrated resilience in midday trading on Thursday, April 11th, clawing back earlier losses to trade slightly higher for the session on the NASDAQ.
As of 12:11 PM UTC-4, the American Depositary Receipts (ADRs) of PDD Holdings were priced at 0.34 compared to the previous day’s close, translating to an increase of +0.38%.
The intraday chart reveals a volatile session for PDD. After initially surging to nearly $92 shortly after the market opened, the stock experienced a significant pullback, falling below the $88.50 mark and dipping under its previous closing price of $88.35. However, buying interest re-emerged, pushing the price back into positive territory around midday.
Market participants are watching PDD’s price action as it holds slightly above its prior closing level following the morning’s sharp fluctuations on the NASDAQ exchange.
