RTTNews | Dec 13, 2021 12:39PM EST

12:39 Monday, December 13, 2021 (RTTNews.com) - Chinese grocery delivery company, Dingdong (Cayman) Limited (DDL) is trading 17% higher on the market despite the company not reporting any stock-specific news to move the shares.

Dingdong delivers fresh, ready-to-eat, ready-to-cook, and ready-to-heat products through its Dingdong Fresh app. The company was in a steady decline for the last 10 days and in the past month, the stock has lost almost 55% of the value on the market.

The stock is trading at $15.43, up $2.25 or 17.07% since the previous close at $13.18. The stock opened at $13.18 in the morning and in the 52-week period, the stock has ranged between $12.90 and $46.00 per share.

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