Dingdong (Cayman) (NYSE:DDL) Sees Large Volume Increase

Dingdong (Cayman) Limited ( NYSE:DDL – Get Free Report ) shares saw strong trading volume on Friday . 544,903 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 428,812 shares.The stock last traded at $2.

51 and had previously closed at $2.41. Dingdong (Cayman) Stock Up 7.



5 % The company has a 50 day moving average of $1.98 and a 200 day moving average of $1.70.

The firm has a market cap of $611.83 million, a price-to-earnings ratio of -86.33 and a beta of 0.

29. Institutional Inflows and Outflows Several institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new stake in Dingdong (Cayman) during the second quarter valued at approximately $86,000.

Virtu Financial LLC acquired a new stake in Dingdong (Cayman) during the first quarter valued at approximately $54,000. Renaissance Technologies LLC raised its stake in Dingdong (Cayman) by 63.4% during the second 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 in the last quarter. Vanguard Group Inc. raised its stake in Dingdong (Cayman) by 0.

4% during the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock valued at $5,917,000 after buying an additional 17,900 shares in the last quarter.

Finally, Platinum Investment Management Ltd. raised its stake in Dingdong (Cayman) by 1.8% during the fourth quarter.

Platinum Investment Management Ltd. now owns 9,308,945 shares of the company’s stock valued at $13,963,000 after buying an additional 166,736 shares in the last quarter. Institutional investors and hedge funds own 24.

66% of the company’s stock. Dingdong (Cayman) Company Profile 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. Featured Articles Receive News & Ratings for Dingdong (Cayman) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dingdong (Cayman) and related companies with MarketBeat.com's FREE daily email newsletter .

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