- The stock price of Pinduoduo Inc (NASDAQ: PDD) fell by 11.19% in the most recent trading session. This is why it happened.
The stock price of Pinduoduo Inc (NASDAQ: PDD) fell by 11.19% in the most recent trading session. Investors appear to be responding negatively to Cathie Wood’s ARK Invest selling 250,500 Pinduoduo shares from its Ark Fintech Innovation ETF (NYSEARCA: ARKF).
Investors are also concerned that Pinduoduo could be the next target for Tencent in a stake reduction after they already cut their stakes in JD.com and Sea Ltd.
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