|Bid||42.80 x 900|
|Ask||43.00 x 1300|
|Day's range||41.40 - 44.38|
|52-week range||14.60 - 61.27|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||19 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||46.12|
Shares of recently IPO'ed Chinese online grocer Dada Nexus (NASDAQ: DADA) crashed in response to news of a secondary offering that will further dilute its shareholders Thursday. In 3 p.m. EST trading, Dada Nexus stock is trading down 15%. Dada Nexus actually told investors back on Monday that it was planning to float 9 million American Depositary Shares (ADSs), representing 36 million shares of ordinary common stock.
Shares of Dada Nexus (NASDAQ: DADA) are soaring nearly 30% higher in morning trading Friday, after the Chinese delivery logistics and retail platform operator reported third-quarter earnings following Thursday's market close. The market's reaction to the report seems to be the polar opposite of what occurred after Dada Nexus reported its second-quarter results, which were nearly as strong as those recorded this time around.
Dada (DADA) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.