Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.16 and last traded at $4.12, with a volume of 553770 shares trading hands. The stock had previously closed at $3.62.
Dingdong (Cayman) Stock Performance
The stock's 50 day simple moving average is $2.82 and its 200 day simple moving average is $2.14. The firm has a market cap of $824.44 million, a P/E ratio of -131.00 and a beta of 0.37.
Institutional Trading of Dingdong (Cayman)
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Dingdong (Cayman) by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company's stock valued at $5,917,000 after purchasing an additional 17,900 shares during the last quarter. Renaissance Technologies LLC increased its stake in Dingdong (Cayman) by 63.4% in the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company's stock valued at $1,373,000 after buying an additional 267,700 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Dingdong (Cayman) in the 2nd quarter valued at about $86,000. Finally, Virtu Financial LLC bought a new position in shares of Dingdong (Cayman) during the 1st quarter worth approximately $54,000. 24.66% of the stock is owned by institutional investors.
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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