Waterdrop (NYSE:WDH) Trading Down 3.4% – Here’s What Happened

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) shares traded down 3.4% during trading on Tuesday . The stock traded as low as $1.39 and last traded at $1.40. 127,253 shares traded hands during trading, a decline of 41% from the average session volume of 216,618 shares. The stock had previously closed at $1.45.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Waterdrop from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th.

Waterdrop Stock Performance

The stock has a market capitalization of $502.03 million, a PE ratio of 9.23 and a beta of -0.29. The business’s 50-day moving average is $1.36 and its two-hundred day moving average is $1.29.

Institutional Investors Weigh In On Waterdrop

A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Waterdrop in the 4th quarter valued at approximately $78,000. IDG China Capital Fund III Associates L.P. purchased a new position in Waterdrop in the fourth quarter worth $6,760,000. Finally, Baader Bank Aktiengesellschaft grew its stake in shares of Waterdrop by 28.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company’s stock worth $2,475,000 after purchasing an additional 369,325 shares during the period. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Waterdrop Company Profile

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.