Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report)'s share price fell 5% during mid-day trading on Wednesday . The company traded as low as $3.79 and last traded at $3.80. 166,108 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 589,637 shares. The stock had previously closed at $4.00.
Dingdong (Cayman) Trading Up 0.5 %
The stock has a market capitalization of $949.64 million, a price-to-earnings ratio of -134.00 and a beta of 0.37. The firm's fifty day moving average price is $2.96 and its 200 day moving average price is $2.22.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of DDL. Virtu Financial LLC acquired a new position in shares of Dingdong (Cayman) in the first quarter valued at approximately $54,000. Acadian Asset Management LLC acquired a new stake in shares of Dingdong (Cayman) in the second quarter valued at $86,000. Renaissance Technologies LLC boosted its holdings in Dingdong (Cayman) by 63.4% in the second quarter. Renaissance Technologies LLC now owns 690,200 shares of the company's stock valued at $1,373,000 after purchasing an additional 267,700 shares during the period. Finally, Vanguard Group Inc. grew its stake 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. 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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