RTTNews | Jan 6, 2022 12:29PM EST

12:29 Thursday, January 6, 2022 (RTTNews.com) - Chinese internet communication company, Youdao, Inc. (DAO), is trading 5% lower on the Thursday market despite the company not reporting any stock-specific news to affect the stock.

The stock started to pick up late in December after the company reached its 5-month low on December 29. The stock started to turn up till January 4 before again slumping downwards. In the past 6 months, the stock has lost 45% of its value.

Currently, the stock is trading hands at $11.58, down $0.44 or 3.66% since the previous close at $12.02. The stock opened at $12.25 in the morning. In the 52-week period, the stock has ranged between $7.02 and $42.17.

Read the original article on RTTNews ( https://www.rttnews.com/3253299/youdao-drops-4-continues-downward-streak.aspx)

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