E-Commerce Stock Rises on International Expansion

Options bulls have been running to PDD lately

Deputy Editor
Aug 23, 2022 at 10:39 AM
facebook X logo linkedin


Pinduoduo Inc (NASDAQ:PDD) is gathering attention today, after Reuters reported that the China-based e-commerce giant plans to launch an international platform next month, which will bring it into the U.S. This will mark the company's biggest global push to date. At last check, PDD was up 1.9% at $48.86. 

The stock found a floor at the $45 level this month, however, pressure from its 180-day moving average has kept a lid on gains. Year-to-date, the equity is down roughly 16%. 

PDD calls have flown off the shelves lately. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day call/put volume ratio of 8.37 ranks higher than all other readings from the past year. This bullish sentiment appears to be continuing today, with 5,858 calls exchanged so far in comparison to 2,967 puts. 

Analysts feel similarly, as six of the nine in coverage carry a "buy" or better rating on PDD. Plus, the 12-month consensus price target of $71.76 is a 46.4% premium to current levels. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI