Shares of Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report) saw unusually-high trading volume on Monday . Approximately 515,115 shares traded hands during trading, a decline of 14% from the previous session's volume of 596,482 shares.The stock last traded at $3.75 and had previously closed at $3.72.
Dingdong (Cayman) Stock Performance
The business has a fifty day simple moving average of $3.03 and a two-hundred day simple moving average of $2.27.
Institutional Trading of Dingdong (Cayman)
Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 267,700 shares in the last quarter. Virtu Financial LLC bought a new stake in Dingdong (Cayman) during the first quarter worth about $54,000. Acadian Asset Management LLC bought a new position in shares of Dingdong (Cayman) in the second quarter valued at approximately $86,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Dingdong (Cayman) by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company's stock worth $5,917,000 after acquiring 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.
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