PDD's Trading Volume Surges 42.89% to 7.26 Billion, Stock Price Drops 2.76% to 124th in Daily Rankings

On June 13, 2025, PDD's trading volume reached 7.26 billion, marking a 42.89% increase from the previous day. This surge placed PDD at the 124th position in the daily stock market rankings. However, despite the high trading volume, PDD's stock price fell by 2.76%.

PDD Holdings, the parent company of Temu, reported lower-than-expected quarterly revenue, which may have contributed to the stock's decline. The company's financial performance has been under scrutiny, with recent reports indicating a mixed sentiment among investors.

China Renaissance, a prominent investment firm, downgraded PDD's stock rating from "buy" to "hold," setting a target price of $107.00. This change in rating reflects a shift in investor sentiment, which has been deteriorating as the stock price has fallen.

The State of Nebraska has filed a lawsuit against PDD Holdings Inc. and its subsidiary Whaleco Inc., alleging the use of spyware and deceptive practices. This legal action could add further uncertainty to PDD's stock performance, as the company navigates the potential impact on its operations and reputation.