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Why Pinduoduo Stock Soared Today

TheMotleyFool

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Shares of Pinduoduo (NASDAQ: PDD) were surging Thursday after the Chinese social commerce platform posted better-than-expected results in its third-quarter report. The company also reported a surprise profit.

As of 2:11 p.m. EST, the stock was up by 21.4%.

Image source: Getty Images.

Source Fool.com

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