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Why PDD Holdings Stock Was Moving Higher Again Today

Why PDD Holdings Stock Was Moving Higher Again Today

Shares of PDD Holdings (NASDAQ: PDD), a Chinese e-commerce company and owner of discount-priced sites Pinduoduo and Temu, were climbing for the second day in a row today. Today's gains came one day after the stock soared on a blowout earnings report, seeing strong revenue growth even in a difficult economic environment. The stock was gaining on Wednesday as several Wall Street analysts raised their price targets on the stock and as Alibaba co-founder Jack Ma called out the threat from Pinduoduo in an internal company post.