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Why Pinduoduo Stock Jumped 45% Last Month

TheMotleyFool

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Why Pinduoduo Stock Jumped 45% Last Month

Shares of Pinduoduo (NASDAQ: PDD) were surging in August, climbing 45%, according to data from S&P Global Market Intelligence, after a stellar earnings report. The Chinese social e-commerce site blew past analyst expectations on another round of blockbuster revenue growth and also saw a slimmer loss than expected.

As the chart below shows, the stock posted modest gains early in the month and then popped when its second-quarter report came out on Aug. 21.