
Shares of Pinduoduo Inc. ($PDD) experienced significant trading activity, with over 93 million shares exchanged, translating to approximately $9 billion in trading volume. The stock's price hovered around $100, facing notable selling pressure, as traders noted that a large seller continued to emerge at this price point. Analysts observed that PDD reached an all-time high in daily trading volume, with some expressing skepticism about a potential bounce back to $110. Meanwhile, discussions around support levels indicated that PDD could see further declines, with potential support identified in the $90s and a gap fill down to $80 if the downward trend continues. Traders are also anticipating possible upgrades for PDD in the coming week, while others are positioning themselves for short opportunities, citing concerns that the stock may have peaked.








