Temu parent PDD extends decline after JP Morgan downgrades stock

By Yahoo! Finance | Nov 22, 2024 at 10:52 AM EST

Shares of PDD Holdings Inc DRC (NASDAQ:PDD) dropped 4% to $100 after JP Morgan downgraded the stock due to limited financial visibility and uncertainties. Analysts suggest better investment options in JD (NASDAQ:JD) and Alibaba (NYSE:BABA) in the short term.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.