Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report)'s share price was up 4.7% during mid-day trading on Tuesday . The company traded as high as $4.08 and last traded at $4.05. Approximately 552,737 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 586,924 shares. The stock had previously closed at $3.87.
Dingdong (Cayman) Stock Up 3.7 %
The stock has a fifty day moving average of $2.93 and a 200-day moving average of $2.21. The firm has a market capitalization of $948.46 million, a P/E ratio of -133.83 and a beta of 0.37.
Institutional Trading of Dingdong (Cayman)
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 worth $1,373,000 after purchasing an additional 267,700 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Dingdong (Cayman) during the 2nd quarter worth about $86,000. Virtu Financial LLC bought a new stake in Dingdong (Cayman) during the 1st quarter worth about $54,000. Finally, Vanguard Group Inc. raised its holdings 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 during the last quarter. 24.66% of the stock is owned by institutional investors.
Dingdong (Cayman) Company Profile
(
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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