Dingdong (Cayman) (NYSE:DDL) Reaches New 52-Week High at $3.97

Dingdong (Cayman) Limited (NYSE:DDL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $3.97 and last traded at $3.97, with a volume of 120304 shares. The stock had previously closed at $3.82.

Dingdong (Cayman) Price Performance

The business’s 50 day moving average price is $2.29 and its 200-day moving average price is $1.90. The firm has a market capitalization of $914.20 million, a price-to-earnings ratio of -127.17 and a beta of 0.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Dingdong (Cayman) by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock worth $5,917,000 after buying an additional 17,900 shares during the period. Acadian Asset Management LLC acquired a new position in Dingdong (Cayman) during the second quarter worth about $86,000. Virtu Financial LLC acquired a new position in Dingdong (Cayman) during the first quarter worth about $54,000. Platinum Investment Management Ltd. grew its position 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 worth $13,963,000 after buying an additional 166,736 shares during the period. Finally, Renaissance Technologies LLC grew its position in Dingdong (Cayman) by 63.4% during the second quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock worth $1,373,000 after buying an additional 267,700 shares during the period. 24.66% of the stock is currently owned by institutional investors and hedge funds.

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.