PDD Holdings (PDD) Shares Slide Over 5% in Morning Trade, Testing Key Levels
NEW YORK – Shares of PDD Holdings Inc. (Nasdaq: PDD) faced significant selling pressure during morning trading today, declining sharply as the market session unfolded. As of 11:57 AM EDT, the stock was trading at $88.75, marking a substantial drop of $5.23, or 5.56%, from its previous close.
The downward move comes after the stock opened the day at $90.26, considerably lower than its prior closing price of $93.98. Throughout the morning, PDD has traded within a range of $88.59 to $93.67. Notably, the current price sits very close to the intraday low and is also challenging the stock’s 52-week low of $88.01. This level represents a significant distance from its 52-week high of $164.69.
Trading activity in PDD shares has been brisk. Volume reached over 15.2 million shares by late morning, already exceeding its average daily volume of approximately 9.9 million shares, indicating heightened investor interest and conviction behind the price movement. The company’s intraday market capitalization stands around $123.57 billion.
From a valuation perspective, PDD Holdings carries a trailing twelve-month (TTM) PE ratio of 8.52 and reports an EPS (TTM) of $10.44. The stock exhibits a Beta (5Y Monthly) of 0.72, suggesting lower historical volatility compared to the broader market. Currently, PDD Holdings does not offer a forward dividend. Analyst consensus places the 1-year target estimate significantly higher at $148.40. The next potential earnings announcement window is indicated between May 20, 2025, and May 26, 2025, though investors should verify dates closer to the time.
