Why PDD Holdings Stock Is Falling

PDD Holdings Inc – ADR PDD shares are trading lower by 2.8% to $139.14 Wednesday morning. Shares of US-listed Chinese stocks are trading lower after China missed GDP and retail sales estimates.

Li Qiang, China’s premier, addressed the World Economic Forum meeting in Davos, stating that the Chinese economy can handle performance fluctuations, and its long-term growth trajectory remains unchanged.

The key highlight was an early announcement of China’s GDP growth for 2023, revealing a rate of “around 5.2%”, surpassing the targeted 5% before the official figures are released…Read More

According to data from Benzinga Pro, PDD has a 52-week high of $152.99 and a 52-week low of $59.67.