On Wednesday, March 20th, Pinduoduo (PDD) will release its 2023 fourth quarter and full year financial report before the US stock market opens, and will hold an earnings conference at 7:30 am Eastern Time (7:30 pm Hong Kong Time).
Is there a pattern in PDD's stock price movement after the annual report? Looking back at the performance after previous Q4 financial reports, the outlook may not be optimistic:
Annual report released on March 11, 2020, followed by a 6.98% decline;
Annual report released on March 17, 2021, followed by a 7.10% decline;
Annual report released on March 21, 2022, followed by a 6.13% decline;
Annual report to be released on March 20, 2023, followed by a 14.17% decline.
Will this time be different?