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Dada (DADA) Looks Good: Stock Adds 7.4% in Session

Zacks Equity Research
·2 min read

Dada Nexus Limited DADA was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $28.04–$37.03 in the past one-month time frame, witnessed a sharp increase on Friday.

The upmove came after the company reported record sales during the 2020 Singles Day Shopping Festival across China.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Dada currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Dada Nexus Limited Sponsored ADR Price

Dada Nexus Limited Sponsored ADR Price
Dada Nexus Limited Sponsored ADR Price

Dada Nexus Limited Sponsored ADR price | Dada Nexus Limited Sponsored ADR Quote

A better-ranked stock in the Technology Services industry is TTEC Holdings, Inc. TTEC, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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