RTTNews | Jan 19, 2022 10:55AM EST

10:54 Wednesday, January 19, 2022 (RTTNews.com) - Shares of Dingdong (Cayman) Limited (DDL) slipped over 12% on Wednesday morning despite the Chinese grocery delivery company not reporting any stock-specific news to impact the shares.

DDL is currently trading at $6.99, down $1.01 or 12.63%, on the NYSE.

Dingdong delivers fresh, ready-to-eat, ready-to-cook, and ready-to-heat products through its Dingdong Fresh app.

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