Rein: "panic overblown" in PDD shares
This is a news story, published by CNBC, that relates primarily to Shaun Rein news.
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PDD HoldingsCNBC
•Shares of Temu parent company PDD plunge almost 29%; 'too large a correction', says analyst
84% Informative
Chinese online retailer PDD Holdings saw its largest one-day loss since listing on the Nasdaq on Monday .
Company failed to meet expectations in its second quarter results.
Analyst Shaun Rein said the "panic was overblown last night ," and that this would be a good opportunity for investors to buy into the stock.
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