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Dingdong (Cayman) (NYSE:DDL) Stock Price Up 5.2% - Still a Buy?
Dingdong (Cayman) (NYSE:DDL) stock increased by 5.2% on Monday, trading at $2.915, although with significantly reduced trading volume. Recent analyst ratings have turned negative, with an average “Reduce” rating given its market capitalization of $693.3 million and a P/E ratio of 17.26. Institutional investors show mixed activity, with some increasing and some initiating stakes in the China-based rapid grocery delivery platform.