PayPal Holdings (NASDAQ: PYPL) was one of the financial sector's winning stocks on the last day of trading before the long holiday weekend. The company's shares popped by nearly 6%, trouncing the 2.5% increase of the bellwether S&P 500 index. Citing "people familiar with the matter," the news agency said that PayPal has begun laying off some of its employees. Read More...
Motley Fool
Why Pinduoduo Stock Popped Today
Shares of Pinduoduo NASDAQ: PDD), a Chinese e-commerce platform company, spiked today after the company reported first-quarter earnings and revenue that surpassed Wall Street’s average estimates. Pinduoduo reported adjusted earnings per American depositary share (ADS) of $0.47, compared to a loss of $1.52 in the year-ago quarter and far ahead of analysts’ consensus estimate of $0.25 per share. Other highlights from the first quarter include the company’s monthly active users, which rose 4% from the year-ago quarter to 751.3 million, and Pinduoduo’s active buyers increasing 7% year over year to 823.8 million.
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