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PDD Trading Volume Surges 340.89% to 18.63 Billion, Ranks 41st in Daily Market
Generated by AI AgentAinvest Market Brief
Monday, May 12, 2025 8:01 pm ET1min read
On May 12, 2025, PDD's trading volume reached 18.63 billion, marking a significant increase of 340.89% compared to the previous day. This surge placed
at the 41st position in the daily stock market rankings. PDD's stock price rose by 6.14%.Citi Research upgraded
to "buy" from a previous investment rating of "neutral" on Monday. This upgrade was driven by the favorable outcome of the U.S.-China tariff conflict, which is expected to benefit China's cross-border sellers, including PDD.Citi also raised its price target for PDD from $127 to $165, reflecting the positive impact of reduced tariffs on the company's operations and financial performance. This move underscores the growing optimism among analysts regarding PDD's prospects in the current trade environment.
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