Temu Parent PDD Stock Free Falls After Hitting Death Cross: Time To Bail Out?
PDD(PDD) Benzinga·2024-08-30 23:32
PDD Holdings Inc PDD stock is flapping its wings wildly after hitting a Death Cross on the charts. The stock, down 33.62% year-to-date and -21.50% over the past month, just crossed that ominous technical threshold where the short-term moving average dips below the long-term average. Translation? The bearish clouds are thickening. Chart created using Benzinga ProTemu Trouble & Tumbling StocksPDD Holdings, the parent company of Temu, is feeling the heat. Temu’s low-priced lure is creating headaches for rivals ...