Yesterday showed a decent little bounce in the markets. Indexes held from going lower and are up slightly this morning. However, some names outperformed yesterday. One such name that showed strength was Pinduoduo Inc (NASDAQ:PDD). After a strong earnings report, Pinduoduo Inc (PDD) had activity in both the Dark Pools
PDD had a volume gap from above $70 to about $82 so it wouldn’t be hard for this name to press into that gap and move higher up to $80 from here if it continues to move. Additionally, it was a strong signal that PDD got some more volume yesterday, the second higher volume day of this year. All this added to the Dark Pool prints of over $150 million and only call buying on the Unusual options scanner has interest peaked.
