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Why Dada Nexus Stock Is Trading Higher Today

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Dada Nexus (NASDAQ: DADA) shares are trading higher on Thursday after a 13G filing showed Walmart holds a 10.7% stake in the company.

Dada Nexus is a platform of local on-demand retail and delivery in China. It operates JD-Daojia (JDDJ), China's local on-demand retail platform, and Dada Now, a local on-demand delivery platform in China.

Dada Nexus shares were trading up 5% at $21.12 at the time of publication on Thursday. The stock has a 52-week high of $23 and a 52-week low of $14.60. 

Related Link:

Chinese Online Grocery Seller Dada Welcomes 'Better Auditing And Regulation,' As Company Starts Trading At Nasdaq

 

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