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Sicart Associates and investors boost shares of PDD Holdings despite its earnings miss.
Sicart Associates LLC and other investors have been buying more shares of PDD Holdings Inc., which owns e-commerce platform Pinduoduo and online marketplace Temu.
Despite a 10.2% increase in revenue, PDD missed earnings expectations, reporting $1.37 per share compared to forecasts of $2.25.
The company has a market cap of $146.37 billion and a P/E ratio of 11.32.
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Sicart Associates y los inversores aumentan las acciones de PDD Holdings a pesar de sus ganancias fallidas.