Pinduoduo Shares Up 6%

Shares of Chinese online grocery platform Pinduoduo Inc. (PDD) are rising 6 percent on Thursday's trading despite there being no company announcement to impact the stock.

Recently, there had been news reports that company founder Colin Huang had lost two-thirds of his fortune or roughly $42.9 billion in 2021. This follows a nearly 70 percent drop in Pinduoduo shares.

Currently at $57.46, the stock has traded between $51.91 and $212.60 during the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Intelligent Investor.
Follow RTT