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Why Dingdong (Cayman) Limited Stock Was Moving Higher Today

TheMotleyFool

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Why Dingdong (Cayman) Limited Stock Was Moving Higher Today: https://g.foolcdn.com/editorial/images/720581/china-e-commerce.jpg

Shares of Dingdong (Cayman) Limited (NYSE: DDL) were gaining today after the Chinese e-commerce grocery company posted solid results and a profit on the bottom line in its fourth-quarter earnings report.

As of 11:23 a.m. ET, the stock is up 4.7% after having gained as much as 25% earlier in the session.

Revenue rose 13.1% in the quarter to $899 million.

Source Fool.com

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