What is the Market's View on Dingdong (Cayman) Ltd (DDL) Stock's Price and Volume Trends Friday?

Dingdong (Cayman) Ltd (DDL) stock is down 5.10% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Dingdong (Cayman) Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DDL!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With DDL Stock Today?

Dingdong (Cayman) Ltd (DDL) stock is trading at $3.91 as of 12:39 PM on Friday, Sep 23, a drop of -$0.06, or -1.51% from the previous closing price of $3.97. The stock has traded between $3.84 and $3.96 so far today. Volume today is below average. So far 121,801 shares have traded compared to average volume of 707,365 shares. To screen for more stocks like Dingdong (Cayman) Ltd click here.

More About Dingdong (Cayman) Ltd

Dingdong (Cayman) Ltd is the fastest growing on-demand e-commerce company in China. It directly provides users and households with fresh produce, meat and seafood, and other daily necessities through a convenient shopping experience supported by an extensive self-operated frontline fulfillment grid. It recognizes revenues from product sales of fresh groceries and other daily necessities through Dingdong Fresh APP and mini-programs and membership services. Click Here to get the full Stock Report for Dingdong (Cayman) Ltd stock.