Pinduoduo Stock (PDD): Why The Price Substantially Fell

By Amit Chowdhry ● Jan 5, 2022
  • 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. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.