A Year After Splashy IPO, Missfresh Looks Well Past Its ‘Sell Date’
Key Takeaways:
Missfresh announced a major reshuffle of its top ranks, including the resignation of both of its co-CFOs, one of whom was also among three board members to resign
The changes came as the company faces a cash crunch caused by swelling losses, big debt and massive back wages owed to former employees
Earnings Scheduled For August 11, 2022
Companies Reporting Before The Bell
• Magic Software (NASDAQ:MGIC) is projected to report quarterly earnings at $0.27 per share on revenue of $131.70 million.
A Preview Of Dingdong (Cayman)’s Earnings
Dingdong (Cayman) (NYSE:DDL) is set to give its latest quarterly earnings report on Thursday, 2022-08-11. Here's what investors need to know before the announcement.
Analysts estimate that Dingdong (Cayman) will report an earnings per share (EPS) of $-0.38.
Why Qudian Shares Jumped Over 40%; Here Are 73 Biggest Movers From Yesterday
Gainers
AMTD Digital Inc. (NYSE: HKD) climbed 71.5% to close at $27.80 on Monday after gaining 108% on Friday. The company priced its IPO at $7 per share.
Dingdong Shares Gain After Clocking 43% Revenue Growth In Q1
Dingdong (Cayman) Limited (NYSE:DDL) reported first-quarter FY22 revenue growth of 43.2% year-on-year to $858.7 million. GMV increased by 36.0% Y/Y to…
83 Biggest Movers From Yesterday
Gainers
Symbotic Inc. (NASDAQ: SYM) shares surged 120.6% to settle at $20.07 on Wednesday. Symbotic reported the completion of its business combination with SVF Investment Corp. to become a publicly traded company.
As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era
Key takeaways:
• Dada Nexus’ revenue grew strongly in the first quarter, after excluding the impact of a change to the way it pays riders for certain delivery services
JP Morgan Upgrades Dingdong (Cayman) to Overweight, Raises Price Target to $7
JP Morgan analyst Andre Chang upgrades Dingdong (Cayman) (NYSE:DDL) from Underweight to Overweight and raises the price target from $2.5 to $7.