Pinduoduo Stock Slips 14%

Shares of Pinduoduo Inc. (PDD) slipped nearly 14% on Thursday morning despite no stock-related news from the company to hurt the shares.

PDD is currently trading at $37.33, down $6.01 or 13.86%, on the Nasdaq. The stock has traded between $35.72 and $169.45 in the past 52-week period.

Pinduoduo operates an e-commerce platform in China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverage, fresh produce, electronic appliances among other things.

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