Dingdong (Cayman) (NYSE:DDL) Stock Price Down 4.3% – Should You Sell?

Posted by Tyrone Williams on Jan 2nd, 2025

Dingdong (Cayman) Limited (NYSE:DDL – Get Free Report) shares were down 4.3% during trading on Thursday . The stock traded as low as $3.12 and last traded at $3.14. Approximately 373,191 shares traded hands during trading, a decline of 47% from the average daily volume of 703,063 shares. The stock had previously closed at $3.28.

Dingdong (Cayman) Stock Down 1.2 %

The firm has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $2.96. The stock has a market capitalization of $765.38 million, a P/E ratio of 36.00 and a beta of 0.37.

Institutional Trading of Dingdong (Cayman)

Large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Dingdong (Cayman) by 3,090.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 684,345 shares of the company’s stock valued at $2,429,000 after purchasing an additional 662,894 shares in the last quarter. Renaissance Technologies LLC lifted its stake in 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 during the last quarter. Jane Street Group LLC boosted its position in Dingdong (Cayman) by 110.8% in the third quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock valued at $881,000 after buying an additional 130,470 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Dingdong (Cayman) during the third quarter worth $244,000. Finally, XTX Topco Ltd acquired a new position in shares of Dingdong (Cayman) during the third quarter worth $225,000. 24.66% of the stock is owned by institutional investors and hedge funds.

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.