PDD Beat but Dropped? Will You Buy Earnings Dip?
PDD reported Q3 revenue of RMB 108.28 billion, beating the estimate of RMB 107.59 billion and up from RMB 99.354 billion a year earlier. The stock saw sharp volatility in pre-market trading—surging more than 3% at one point before quickly reversing into negative territory. PDD spiked and then plunged after earnings. Did you bet on the right side?