Citi Initiates 30-Day Negative Catalyst Monitoring for PDD Holdings (PDD.US)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4h ago
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Source: aastocks
Investigation into PDD Holdings: A special investigation team from SAMR and SAT has conducted a large-scale inspection of PDD Holdings, as reported by Bloomberg and Citi Research.
Stock Performance and Projections: Citi Research has placed PDD Holdings under a 30-day negative catalyst watch, predicting further downside pressure on the stock, which has already declined approximately 6% YTD, with a target price of US$170.
Retail Sales Update: In related economic news, U.S. retail sales for November increased by 0.6%, surpassing the previous value of 0.0% and exceeding the forecast of 0.4%.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
