Dingdong (Cayman) (NYSE:DDL) Stock Price Down 4.3% – What’s Next?

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

Dingdong (Cayman) Trading Up 10.2 %

The stock’s 50 day moving average is $4.02 and its two-hundred day moving average is $2.97. The stock has a market capitalization of $843.33 million, a price-to-earnings ratio of 39.67 and a beta of 0.37.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings 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 acquiring an additional 267,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Dingdong (Cayman) by 3,090.3% in the third 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. State Street Corp lifted its position in Dingdong (Cayman) by 32.7% during the third quarter. State Street Corp now owns 253,119 shares of the company’s stock worth $899,000 after purchasing an additional 62,338 shares during the period. Jane Street Group LLC grew its stake in Dingdong (Cayman) by 110.8% during the third quarter. Jane Street Group LLC now owns 248,189 shares of the company’s stock worth $881,000 after buying an additional 130,470 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Dingdong (Cayman) by 81.0% in the 3rd quarter. GSA Capital Partners LLP now owns 72,561 shares of the company’s stock valued at $258,000 after buying an additional 32,478 shares during the period. 24.66% of the stock is owned by 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.