Dingdong (Cayman) (NYSE:DDL) Trading Up 7%

Shares of Dingdong (Cayman) Limited (NYSE:DDLGet Free Report) were up 7% on Monday . The stock traded as high as $1.40 and last traded at $1.38. Approximately 89,337 shares traded hands during trading, a decline of 70% from the average daily volume of 299,194 shares. The stock had previously closed at $1.29.

Dingdong (Cayman) Stock Performance

The firm has a market capitalization of $326.00 million, a PE ratio of -46.00 and a beta of 0.13. The company’s 50-day moving average price is $1.47 and its 200-day moving average price is $1.84.

Institutional Investors Weigh In On Dingdong (Cayman)

Institutional investors have recently modified their holdings of the company. Citigroup Inc. raised its stake in Dingdong (Cayman) by 46.2% during the 1st quarter. Citigroup Inc. now owns 48,629 shares of the company’s stock worth $172,000 after acquiring an additional 15,357 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Dingdong (Cayman) during the 1st quarter worth $106,000. Vident Investment Advisory LLC acquired a new stake in Dingdong (Cayman) during the 1st quarter worth $82,000. JPMorgan Chase & Co. acquired a new stake in Dingdong (Cayman) during the 2nd quarter worth $4,354,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Dingdong (Cayman) during the 2nd quarter worth $565,000. 24.66% of the stock is owned by hedge funds and other institutional investors.

Dingdong (Cayman) Company Profile

(Get Free Report)

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as dairy and bakery products, snacks, oil, seasonings, and beverages. It also operates as a self-operated online retail business primarily through Dingdong Fresh app.

Further Reading

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