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Why Pinduoduo Stock Lost 12% Last Month

TheMotleyFool

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Shares of Pinduoduo (NASDAQ: PDD) were in the red last month after the Chinese social e-commerce company posted a disappointing third-quarter earnings report. As a result, the stock finished the month down 12%, according to data from S&P Global Market Intelligence.

As the chart below shows, the stock plunged after the earnings report came out on Nov. 20, but recovered some of those losses on news of a partnership with Amazon.com.