Why Pinduoduo Stock Is Soaring Higher Today
Shares of Pinduoduo Inc. (NASDAQ: PDD), a Chinese e-commerce company, were rising fast this morning after the company reported better-than-expected third-quarter results.
The e-commerce stock was up by 15.2% as of 10:20 a.m. ET.
Pinduoduo's third-quarter revenue increased 65% from the year-ago quarter to $4.99 billion, outpacing Wall Street's consensus estimate of $4.31 billion.
Source Fool.com
