Here's Why PDD Holdings Shares Are Trading Lower

PDD Holdings Inc - ADR PDD shares are trading lower by 4.58% to $66.06 Monday afternoon. Shares of several Chinese companies are trading lower. Weakness may be due to geopolitical tensions, worries over a new COVID wave and concerns over a slow economic recovery.

What Else Is Going On In China?

As the world's second-largest economy recovers from the sudden opening of its zero-COVID policies late last year, air travel in the country is ramping up quickly.

Domestic and international flights in China have been shooting up since January, and they're getting very close to pre-pandemic levels...Read More

According to data from Benzinga Pro, PDD has a 52-week high of $106.38 and a 52-week low of $31.01.