Why Did Pinduoduo Shares Climb 15% Friday?

seekingalpha2022-05-28

Chinese e-commerce platform developer Pinduoduo saw its shares close Friday with a gain of more than 15% due to positive reaction to the company's quarterly results that showed more consumers shopping...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

andrew123
2022-05-30
andrew123
Like
MSTAN
2022-05-29
MSTAN
👌👌
Bspn
2022-05-29
Bspn
Ok
Chris Tan
2022-05-29
Chris Tan
Asia stocks value for money 🌟🌟🌟🌟🌟
Vincent1968
2022-05-29
Vincent1968
Like
Jon Yeo
2022-05-29
Jon Yeo
Thkq

Leave a comment

348

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2238601756?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-05-28 07:15","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2238601756","market":"us","top_or_hot":-1,"title":"Why Did Pinduoduo Shares Climb 15% Friday?","media":"seekingalpha","content":"<div>\n<p>Chinese e-commerce platform developer Pinduoduo saw its shares close Friday with a gain of more than 15% due to positive reaction to the company's quarterly results that showed more consumers shopping...</p>\n\n<a href=\"https://seekingalpha.com/news/3843611-why-did-pinduoduo-shares-climb-15-friday-strong-results-amid-chinas-covid-surge\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Did Pinduoduo Shares Climb 15% Friday?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Did Pinduoduo Shares Climb 15% Friday?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-28 07:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3843611-why-did-pinduoduo-shares-climb-15-friday-strong-results-amid-chinas-covid-surge><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese e-commerce platform developer Pinduoduo saw its shares close Friday with a gain of more than 15% due to positive reaction to the company's quarterly results that showed more consumers shopping...</p>\n\n<a href=\"https://seekingalpha.com/news/3843611-why-did-pinduoduo-shares-climb-15-friday-strong-results-amid-chinas-covid-surge\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://seekingalpha.com/news/3843611-why-did-pinduoduo-shares-climb-15-friday-strong-results-amid-chinas-covid-surge","article_id":"2238601756","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2238601756","pubTimestamp":1653693306,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Chinese e-commerce platform developer Pinduoduo saw its shares close Friday with a gain of more than","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴","PDD":"拼多多"},"translate_title":"为什么拼多多股票周五上涨了15%？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABA":0.9,"PDD":0.9},"content_text":"Chinese e-commerce platform developer Pinduoduo saw its shares close Friday with a gain of more than 15% due to positive reaction to the company's quarterly results that showed more consumers shopping online amid Covid-related shutdowns across China.Early Friday, Pinduoduo (PDD) said that for its fiscal first-quarter, it earned the equivalent of 44 cents a share on revenue of $3.75B, while Wall Street analysts had forecast Pinduoduo (PDD) to earn 27 cents a share, on $305.3M in revenue.The results suggested that Pinduoduo (PDD) has been able to maintain and grow its business even as Chinese authorities have enacted society and business lockdowns in order to stem a rise of Covid cases in the country.Company officials hinted that revenue growth could slow down in the month ahead due to the impact of the Covid lockdowns. Liu Jun, Pinduoduo's (PDD) vice president of finance said on a conference call that \"one area the pandemic has shown us is that, for our business, we need to build it to be more resilient, and there are certain areas that we need to further improve,\" such as meeting the needs of its users.Along with Pinduoduo, both Alibaba and Baidu released strong quarterly reports this week.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9024844542,"gmtCreate":1653863760686,"gmtModify":1676535350979,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024844542","repostId":2238601756,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9024371641,"gmtCreate":1653807215483,"gmtModify":1676535345424,"author":{"id":"4089461104605170","authorId":"4089461104605170","name":"MSTAN","avatar":"https://static.itradeup.com/news/1d0ff53a35c30afecbd1fa0c5ed59f07","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4089461104605170","authorIdStr":"4089461104605170"},"htmlText":"👌👌","listText":"👌👌","text":"👌👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024371641","repostId":2238601756,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9024914662,"gmtCreate":1653788553556,"gmtModify":1676535341178,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582502134655895","authorIdStr":"3582502134655895"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024914662","repostId":2238601756,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9024902924,"gmtCreate":1653786191368,"gmtModify":1676535340332,"author":{"id":"4100325483048030","authorId":"4100325483048030","name":"Chris Tan","avatar":"https://community-static.tradeup.com/news/234d0c8219838a66f0165bcb29277534","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100325483048030","authorIdStr":"4100325483048030"},"htmlText":"Asia stocks value for money 🌟🌟🌟🌟🌟","listText":"Asia stocks value for money 🌟🌟🌟🌟🌟","text":"Asia stocks value for money 🌟🌟🌟🌟🌟","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024902924","repostId":2238601756,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9024012250,"gmtCreate":1653779689571,"gmtModify":1676535338429,"author":{"id":"3586393315819735","authorId":"3586393315819735","name":"Vincent1968","avatar":"https://community-static.tradeup.com/news/7f106edb1e06baf3c68462c050422f46","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586393315819735","authorIdStr":"3586393315819735"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024012250","repostId":2238601756,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9024092134,"gmtCreate":1653775628528,"gmtModify":1676535337805,"author":{"id":"4111019747791622","authorId":"4111019747791622","name":"Jon Yeo","avatar":"https://community-static.tradeup.com/news/f7a43dd53c460220abb83c11b54a7031","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"4111019747791622","authorIdStr":"4111019747791622"},"htmlText":"Thkq","listText":"Thkq","text":"Thkq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024092134","repostId":2238601756,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":348,"commentSize":35,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2238601756"}