Investors show no appetite for Chinese online grocery firms that just listed in the U.S. [CNBC]
Missfresh Limited - American Depositary Shares (MF)
Company Research
Source: CNBC
Investors are concerned about the cut-throat competition in the Chinese market around grocery deliveries and whether these companies will ever become profitable. Missfresh is down about 33% off its IPO price while Dingdong closed flat on its first day of trade. In this article GUANGZHOU, China — Two Chinese grocery delivery start-ups — Missfresh and Dingdong — have had uninspiring starts following their initial public offerings in the U.S. Investors are concerned about the cut-throat competition in the Chinese market around grocery deliveries and whether these companies will ever become profitable. Missfresh, which is backed by Chinese technology giant Tencent, went public on Friday on the Nasdaq, pricing its American depositary shares (ADS) at $13 each and raising around $273 million. Since then, shares have fallen by a third and closed at $8.65 on Tuesday. Meanwhile, rival Dingdong, which started trading on the New York Stock Exchange on Tuesday, closed roughly flat on its de
Show less
Read more
Impact Snapshot
Event Time:
MF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MF alerts
High impacting Missfresh Limited - American Depositary Shares news events
Weekly update
A roundup of the hottest topics