Dingdong (Cayman) (NYSE:DDL) Shares Gap Down

Dingdong (Cayman) Limited ( NYSE:DDL – Get Free Report ) gapped down before the market opened on Tuesday . The stock had previously closed at $3.59, but opened at $3.

50. Dingdong (Cayman) shares last traded at $3.48, with a volume of 327,307 shares trading hands.

Dingdong (Cayman) Trading Down 8.6 % The firm has a market cap of $774.83 million, a price-to-earnings ratio of 36.

44 and a beta of 0.37. The company has a fifty day moving average price of $4.

03 and a 200-day moving average price of $2.95. Institutional Trading of Dingdong (Cayman) Hedge funds have recently added to or reduced their stakes in the company.

Virtu Financial LLC purchased a new stake in Dingdong (Cayman) in the 3rd quarter worth $115,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Dingdong (Cayman) in the third quarter valued at about $244,000. XTX Topco Ltd purchased a new stake in shares of Dingdong (Cayman) during the third quarter worth about $225,000.

Jane Street Group LLC raised its position in shares of Dingdong (Cayman) by 110.8% during the 3rd quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock worth $881,000 after purchasing an additional 130,470 shares during the last quarter.

Finally, State Street Corp lifted its stake in Dingdong (Cayman) by 32.7% in the 3rd quarter. State Street Corp now owns 253,119 shares of the company’s stock valued at $899,000 after buying an additional 62,338 shares in the last quarter.

24.66% of the stock is owned by hedge funds and other institutional investors. About Dingdong (Cayman) 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 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.

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