Why Pinduoduo Stock Jumped Today
Shares of Pinduoduo (NASDAQ: PDD) were surging today, although there was no company-specific news on the stock. Instead, shares of the social commerce specialist seemed to be gaining on China's announcement Monday that it would change its two-child policy to a three-child policy, encouraging larger families.
As a result, the stock finished the day up 11.6%.
Image source: Getty Images.
Source Fool.com