Dingdong (Cayman) (NYSE:DDL) Shares Gap Up – Here’s What Happened

Dingdong (Cayman) Limited (NYSE:DDL) gapped up prior to trading on Wednesday . The stock had previously closed at $3.92, but opened at $4.08. Dingdong (Cayman) shares last traded at $4.09, with a volume of 87,699 shares traded.

Dingdong (Cayman) Stock Up 3.1 %

The stock has a market cap of $954.37 million, a price-to-earnings ratio of 45.67 and a beta of 0.34. The company’s 50-day simple moving average is $3.57 and its 200-day simple moving average is $2.57.

Institutional Trading of Dingdong (Cayman)

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Dingdong (Cayman) during the 3rd quarter worth approximately $115,000. Public Employees Retirement System of Ohio purchased a new position in shares of Dingdong (Cayman) during the third quarter valued at $244,000. XTX Topco Ltd acquired a new position in Dingdong (Cayman) during the third quarter valued at $225,000. Jane Street Group LLC lifted its stake in Dingdong (Cayman) by 110.8% in the 3rd quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock worth $881,000 after acquiring an additional 130,470 shares in the last quarter. Finally, State Street Corp boosted its position in Dingdong (Cayman) by 32.7% during the 3rd quarter. State Street Corp now owns 253,119 shares of the company’s stock worth $899,000 after acquiring an additional 62,338 shares during the period. 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.