Why Pinduoduo Shares Surged 26.9% in October
Shares of Chinese e-commerce company Pinduoduo (NASDAQ: PDD), rose 26.9% in October, according to data from S&P Global Market Intelligence. Though the company didn't report earnings during the month, its stock appeared to continue the positive momentum from its late-August Q2 earnings release, with additional positive data points coming from a third-party site that tracks mobile activity.
In addition, easing U.S.-China tensions helped all Chinese stocks, which had been knocked down due to trade war fears early in the month.
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Source Fool.com
