Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $3.49, but opened at $3.77. Dingdong (Cayman) shares last traded at $3.74, with a volume of 285,930 shares.
Dingdong (Cayman) Stock Performance
The company has a fifty day moving average price of $2.85 and a 200-day moving average price of $2.17. The firm has a market capitalization of $914.20 million, a PE ratio of -124.67 and a beta of 0.37.
Institutional Trading of Dingdong (Cayman)
Several hedge funds have recently made changes to their positions in DDL. Acadian Asset Management LLC bought a new stake in Dingdong (Cayman) during the second quarter worth approximately $86,000. Virtu Financial LLC bought a new position in shares of Dingdong (Cayman) during the 1st quarter valued at approximately $54,000. Renaissance Technologies LLC raised its holdings in Dingdong (Cayman) by 63.4% during 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 period. Finally, Vanguard Group Inc. lifted its position in Dingdong (Cayman) by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company's stock worth $5,917,000 after buying an additional 17,900 shares during the last quarter. 24.66% of the stock is currently owned by hedge funds and other 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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