Should You Buy Dada Nexus Ltd - ADR (DADA) Stock After it Is Lower By 7.79% in a Week?

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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With DADA Stock Today?

Dada Nexus Ltd - ADR (DADA) stock has gained 4.15% while the S&P 500 is down -0.37% as of 1:37 PM on Monday, Apr 1. DADA has risen $0.09 from the previous closing price of $2.05 on volume of 2,286,979 shares. Over the past year the S&P 500 has risen 26.93% while DADA is down -74.76%. DADA lost -$1.04 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Dada Nexus Ltd - ADR click here.

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.