Dada Nexus Ltd - ADR (DADA) Stock: What Does the Chart Say Wednesday?

The market has been down on Dada Nexus Ltd - ADR (DADA) stock recently. DADA gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Dada Nexus Ltd - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DADA!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DADA Stock Today?

Dada Nexus Ltd - ADR (DADA) stock is trading at $4.93 as of 2:30 PM on Wednesday, Sep 21, a decline of -$0.42, or -7.85% from the previous closing price of $5.35. The stock has traded between $4.88 and $5.43 so far today. Volume today is light. So far 517,964 shares have traded compared to average volume of 740,950 shares.

More About Dada Nexus Ltd - ADR

Dada Nexus Ltd is a platform of local on-demand retail and delivery in China. It operates JD-Daojia (JDDJ), China's local on-demand retail platform, and Dada Now, a local on-demand delivery platform in China. The company generates revenue from intra-city delivery services to JDDJ retailer customers, commission fees charged to retailers for using the platform, online marketing services, and packaging services. Click Here to get the full Stock Report for Dada Nexus Ltd - ADR stock.