Dingdong (Cayman) (NYSE:DDL) Shares Gap Down to $3.96

Shares of Dingdong (Cayman) Limited (NYSE:DDL) gapped down prior to trading on Thursday . The stock had previously closed at $3.96, but opened at $3.77. Dingdong (Cayman) shares last traded at $3.74, with a volume of 321,437 shares traded.

Dingdong (Cayman) Trading Down 7.6 %

The firm has a fifty day simple moving average of $2.34 and a 200-day simple moving average of $1.91. The stock has a market cap of $864.59 million, a price-to-earnings ratio of -124.67 and a beta of 0.29.

Institutional Trading of Dingdong (Cayman)

A number of large investors have recently bought and sold shares of DDL. Vanguard Group Inc. boosted its holdings in shares of Dingdong (Cayman) by 0.4% in 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 during the period. Acadian Asset Management LLC bought a new stake in shares of Dingdong (Cayman) in the second quarter worth $86,000. Virtu Financial LLC bought a new stake in Dingdong (Cayman) during the 1st quarter worth about $54,000. Platinum Investment Management Ltd. raised its holdings 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 acquiring an additional 166,736 shares in the last quarter. Finally, Renaissance Technologies LLC boosted 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 valued at $1,373,000 after purchasing an additional 267,700 shares during the last quarter. 24.66% of the stock is owned by institutional investors.

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.