DiDi Global (NYSE:DIDI) Shares Gap Down to $2.46

DiDi Global Inc. (NYSE:DIDIGet Rating)’s share price gapped down before the market opened on Monday . The stock had previously closed at 2.46, but opened at 2.01. DiDi Global shares last traded at 2.10, with a volume of 1,571,598 shares traded.

Separately, Sanford C. Bernstein assumed coverage on shares of DiDi Global in a research note on Monday, February 14th. They set an “outperform” rating and a $6.20 target price for the company.

The business’s 50 day moving average is 3.42 and its 200-day moving average is 5.53. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.02.

Institutional investors have recently modified their holdings of the stock. American International Group Inc. purchased a new position in DiDi Global in the third quarter worth approximately $30,000. HM Payson & Co. raised its holdings in DiDi Global by 204.3% during the fourth quarter. HM Payson & Co. now owns 7,000 shares of the ride-hailing company’s stock worth $35,000 after purchasing an additional 4,700 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in DiDi Global by 233.2% during the third quarter. PNC Financial Services Group Inc. now owns 5,665 shares of the ride-hailing company’s stock worth $44,000 after purchasing an additional 3,965 shares in the last quarter. Regentatlantic Capital LLC acquired a new stake in DiDi Global during the fourth quarter worth approximately $58,000. Finally, Royal Bank of Canada acquired a new stake in DiDi Global during the second quarter worth approximately $67,000. Institutional investors own 7.69% of the company’s stock.

DiDi Global Company Profile (NYSE:DIDI)

DiDi Global Inc, a mobility technology platform, provides ride hailing and other services in the People's Republic of China, Brazil, Mexico, and internationally. It offers ride hailing, taxi hailing, chauffeur, hitch, and other forms of shared mobility services, as well as enterprise business ride solutions; auto solutions comprising leasing, refueling, and maintenance and repair services; electric vehicle leasing services; bike and e-bike sharing, intra-city freight, food delivery, and financial services.

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