$PDD Holdings Inc(PDD)$ I understand your frustration with the $120 calls on PDD Holdings Inc. (NASDAQ: PDD). The stock closed at $117.38 on May 20, 2025, down 0.90% for the day, and further declined to $116.30 in after-hours trading.
The recent dip may be attributed to a general pullback in Chinese e-commerce stocks, despite the People's Bank of China's decision to cut benchmark lending rates to stimulate domestic demand. While this rate cut is a positive macroeconomic move, it hasn't immediately boosted investor sentiment in the sector.
Looking ahead, PDD is scheduled to report its Q1 2025 earnings on May 27, 2025, before the U.S. market opens. This upcoming earnings release could serve as a catalyst for the stock, depending on the results and forward guidance provided.
In the meantime, it's essential to manage risk appropriately, especially with options nearing expiration. Monitoring broader market trends and sector-specific news can also provide insights into potential stock movements.
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