Why did DiDi Global shares fall almost 5% Monday? It could be what’s up with Beijing
by
Contributor since / Followers
Contributor since / Followers
2 years ago
ronniechua
- Chinese ride-hailing giant DiDi Global (OTCPK:DIDIY) saw its shares fall almost 5% Monday on little major news for company.
- Activity in DiDi (OTCPK:DIDIY) shares was slightly below average, as 12.2M shares of the company’s stock had traded hands by the close of trading. DiDi (OTCPK:DIDIY) averages 14.5M shares exchanged on a daily basis.
- Last was a mixed bag for DiDi (OTCPK:DIDIY) as the company’s app got approved to be back on Apple (AAPL) app stores in China. However, DiDi (OTCPK:DIDIY) appeared about to see some new competition, as China reportedly said it will soon launched a state-owned service for ride-sharing and airline reservations.
- Wall Street analysts currently have a consensus strong buy rating on DiDi’s (OTCPK:DIDIY) stock, while Seeking Alpha authors give the share a rating of sell. Seeking Alpha’s Quant System, which historically outperforms the stock market, has a hold rating on DiDi’s (OTCPK:DIDIY) stock.