Shares of Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $3.53, but opened at $3.35. Dingdong (Cayman) shares last traded at $3.42, with a volume of 200,292 shares trading hands.
Dingdong (Cayman) Stock Up 5.3 %
The firm's 50 day moving average is $3.50 and its 200 day moving average is $3.31. The firm has a market capitalization of $875.23 million, a price-to-earnings ratio of 41.17 and a beta of 0.45.
Institutional Investors Weigh In On Dingdong (Cayman)
A number of large investors have recently made changes to their positions in DDL. Bank of Nova Scotia acquired a new stake in shares of Dingdong (Cayman) during the fourth quarter valued at approximately $33,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Dingdong (Cayman) during the fourth quarter valued at approximately $35,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Dingdong (Cayman) by 319.2% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,866 shares of the company's stock valued at $42,000 after acquiring an additional 9,797 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Dingdong (Cayman) during the fourth quarter valued at approximately $47,000. Finally, Diametric Capital LP acquired a new stake in shares of Dingdong (Cayman) during the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds own 24.66% of the company's stock.
About Dingdong (Cayman)
(
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 baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.
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