Why Dada Nexus Stock Was Gaining Again Today [Yahoo! Finance]
Dada Nexus Limited - American Depositary Shares (DADA)
Company Research
Source: Yahoo! Finance
Momentum from last week's gains, fear of missing out on the rebound, and a surge in Chinese indexes during China's trading session lifted Dada Nexus (NASDAQ: DADA) , though an early morning pop faded over the course of the trading session. As of 11:52 a.m. ET, Dada Nexus stock was up 5% on the news after gaining as much as 15.5% earlier in the session. Will the China momentum last? Today's gains came as traders set positions before a weeklong holiday beginning tomorrow, and seem to be a continued response to last week's encouraging stimulus package. The Shanghai Composite jumped 8.1% during Monday's session, and other Chinese indexes had their best single-day performance since 2008. Also fueling the rally was news that China's central bank would tell banks to lower mortgage rates on existing home loans, a move designed to help the long-suffering property market in China. Dada Nexus specializes in on-demand retail and delivery and works closely with JD.com , which owns a m
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News
- China-related stocks give back gain due to lack of details on stimulus measures [Seeking Alpha]Seeking Alpha
- Why Chinese Stocks Like XPeng and Dada Nexus Were on Fire Today [Yahoo! Finance]Yahoo! Finance
- Dada Nexus Limited (NASDAQ: DADA) was upgraded by analysts at Daiwa America to a "hold" rating.MarketBeat
- Dada Nexus Limited (NASDAQ: DADA) is now covered by analysts at Daiwa Capital Markets. They set a "neutral" rating on the stock.MarketBeat
- Dada Nexus Limited (NASDAQ: DADA) was upgraded by analysts at Citigroup Inc. from a "sell" rating to a "neutral" rating. They now have a $1.50 price target on the stock, up previously from $1.00.MarketBeat
DADA
Sec Filings
- 9/16/24 - Form 6-K
- 9/16/24 - Form SC
- 9/16/24 - Form SC
- DADA's page on the SEC website