Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report) traded up 7.1% during trading on Tuesday . The company traded as high as $3.36 and last traded at $3.33. 429,159 shares changed hands during trading, a decline of 23% from the average session volume of 560,485 shares. The stock had previously closed at $3.11.
Dingdong (Cayman) Trading Up 6.3 %
The stock's 50 day moving average price is $2.73 and its 200 day moving average price is $2.11. The company has a market cap of $780.73 million, a price-to-earnings ratio of -110.00 and a beta of 0.37.
Institutional Trading of Dingdong (Cayman)
A number of institutional investors and hedge funds have recently bought and sold shares of DDL. Virtu Financial LLC acquired a new stake in Dingdong (Cayman) during the 1st quarter worth approximately $54,000. Acadian Asset Management LLC acquired a new stake in Dingdong (Cayman) during the 2nd quarter worth approximately $86,000. Renaissance Technologies LLC increased its position in Dingdong (Cayman) by 63.4% during the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company's stock worth $1,373,000 after purchasing an additional 267,700 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Dingdong (Cayman) by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company's stock worth $5,917,000 after purchasing an additional 17,900 shares in the last quarter. 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.
Further Reading
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