Últimas noticias sobre Dada Nexus (NASDAQ:DADA) Bolsa

Dada Nexus

Dada Nexus is a leading crowdsourced delivery service in China. The company has two core businesses, Dada Now, which is an on-demand delivery platform that provides last-mile and intracity services; and JD Daojia, or JDDJ, which is an online on-demand retail platform that connects consumers to merchants with its delivery capabilities. As of 2022, Dada Now accounted for 34% of revenue while JDDJ accounted for the rest. JDDJ and Dada Nexus merged in 2016, where JD.com received 47.4% ownership of the merged entity in exchange for its JDDJ business. As of June 2023, JD.com and Walmart Inc own 53.9% and 9.3% of Dada Nexus, respectively. Dada Nexus competes with other logistics companies such as SF Intra-City, with Didi in its delivery business, and with Meituan in its on-demand retail segment.

Dada Nexus Limited - American Depositary Shares

Dada Nexus Ltd

<h3>Gainers</h3>
<ul>
<li>China Jo-Jo Drugstores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJJD#NASDAQ">CJJD</a>) stock increased by 12.1% to $3.14 during Wednesday's pre-market session. The market value of their outstanding shares is at $20.8 million. </li>
<li>RLX Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) shares rose 11.11% to $1.9. The company's market cap stands at $2.9 billion. </li>
<li>Dada Nexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) stock rose 10.28% to $2.36. The market value of their outstanding shares is at $624.3 million. </li>
<li>Innovation Beverage Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBG#NASDAQ">IBG</a>) stock moved upwards by 9.72% to $2.03. The company's market cap stands at $17.0 million. </li>
<li>Top Wealth Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) shares moved upwards by 8.57% to $1.9. The company's market cap stands at $55.1 million. </li>
<li>S&amp;W Seed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) stock moved upwards by 8.15% to $0.23. The company's market cap stands at $10.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Shineco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) shares decreased by 5.8% to $0.25 during Wednesday's pre-market session. The company's market cap stands at $7.8 million. </li>
<li>Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) stock fell 5.07% to $61.62. The company's market cap stands at $8.8 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Beyond Meat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) stock decreased by 3.91% to $6.15. The market value of their outstanding shares is at $399.9 million. </li>
<li>Edible Garden (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) shares fell 3.86% to $0.23. </li>
<li>Fresh Vine Wine (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VINE#AMEX">VINE</a>) shares decreased by 3.59% to $0.81. The market value of their outstanding shares is at $12.9 million. </li>
<li>Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) stock declined by 3.44% to $28.43. The company's market cap stands at $648.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-defensive-stocks/" title="www.benzinga.com/money/best-consumer-defensive-stocks/">www.benzinga.com/money/best-consumer-defensive-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BYND

CJJD

DADA

EDBL

NGVC

SANW

SISI

VINE

12 Consumer Staples Stocks Moving In Wednesday's Pre-Market Session

WIIM

ATAT

BIDU

BILI

BZUN

New Oriental Education & Technology Group

FUTU

MNSO

MSCI

NTES

YUMC

ZLAB

Shares of US-listed Chinese companies are trading higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.

Shares of NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose sharply in <a href="https://www.benzinga.com/markets/equities/24/09/41082193/teslas-chinese-rival-nio-snags-1-9b-investment-from-parent-strategic-investors-as-it-forays-into">today's pre-market.</a>
Nio announced Sunday that strategic investors, including Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co., Ltd. and CS Capital Co., Ltd., have agreed to invest an aggregate of 3.3 billion yuan ($470.64 million) in cash in its subsidiary Nio China. Nio has concurrently agreed to invest 10 billion yuan (about $1.43 billion) in cash to subscribe to the newly issued shares of Nio China.
nIO shares jumped 12.7% to $7.35 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Zhongchao Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) rose 54.6% to $2.04 in pre-market trading.</li>
<li>Fangdd Network Group Ltd.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares rose 50.8% to $1.90 in pre-market trading after jumping around 18% on Friday.</li>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) gained 44.9% to $0.1303 in pre-market trading after dipping over 15% on Friday.</li>
<li>Garden Stage Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIW#NASDAQ">GSIW</a>) rose 27.2% to $1.54 in pre-market trading after gaining around 3% on Friday.</li>
<li>Reliance Global Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares rose 27.2% to $2.79 in pre-market trading.</li>
<li>Future FinTech Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTFT#NASDAQ">FTFT</a>) gained 23.8% to $0.4670 in pre-market trading after declining around 4% on Friday.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares surged 21.3% to $0.4668 in pre-market trading after surging around 15% on Friday.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) shares gained 20.8% to $6.28 in pre-market trading after jumping around 84% on Friday.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) shares jumped 15% to $2.08 in pre-market trading after surging 13% on Friday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Ensysce Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSC#NASDAQ">ENSC</a>) shares dipped 24.7% to $0.2168 in pre-market trading after receiving a notice from the Nasdaq.</li>
<li>VS MEDIA Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) fell 20.4% to $0.78 in pre-market trading after dipping 19% on Friday.</li>
<li>Verb Technology Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares fell 18.1% to $0.0440 in pre-market trading after gaining over 5% on Friday.</li>
<li>CaliberCos Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWD#NASDAQ">CWD</a>) fell 14.7% to $0.5322 in pre-market trading.</li>
<li>Nano Labs Ltd&nbsp; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) declined 12.9% to $0.8795 in pre-market trading after jumping 74% on Friday.</li>
<li>Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) shares declined 12.4% to $1.06 in pre-market trading.</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) shares declined 11.6% to $14.20 in pre-market trading after the company updated its 2024 guidance. Stellantis said it now expects FY24 operating margin of 5.5%-7.0%, down from its prior double-digit growth expectations.</li>
<li>Corvus Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) fell 11.6% to $4.55 in today's pre-market trading.</li>
<li>Venus Concept Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) shares fell 10.4% to $0.62 in pre-market trading. Venus Concept shares jumped around 20% on Friday after the company announced a $15 million debt-to-equity exchange transaction.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares fell 8.3% to $7.51 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/41075978/top-4-materials-stocks-that-may-implode-in-q3">Top 4 Materials Stocks That May Implode In Q3</a></li>
</ul>

News

Pre-Market Outlook

Markets

Trading Ideas

APLD

CRVS

ENSC

FTFT

GSIW

KXIN

RELI

STLA

UXIN

VERB

VERO

VSME

ZCMD

Why Nio Shares Are Trading Higher By Around 13%; Here Are 20 Stocks Moving Premarket

BABA

BEKE

HTHT

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TCOM

XPEV

Shares of US-listed Chinese companies are trading higher possibly amid continued strength following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Friday.
Shares of IonQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NASDAQ">IONQ</a>) rose sharply during Friday's session after the company announced it signed a $54.5 million contract with the <a href="https://www.benzinga.com/quote/IONQ/news">United States Air Force Research Lab.</a>
IonQ shares surged 20% to $9.67 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) shares jumped 15.5% to $11.05. Biomea Fusion disclosed that the FDA lifted its clinical hold on BMF-219 in Type 2 and Type 1 diabetes trials. Rodman &amp; Renshaw analyst Tony Butler upgraded Biomea Fusion from Neutral to Buy.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) surged 14.1% to $3.23.</li>
<li>AMTD Digital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKD#NYSE">HKD</a>) rose 11.5% to $3.67.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) jumped 11.5% to $9.69. Keybanc analyst Michael Leshock maintained Rocket Lab USA with an Overweight and raised the price target from $8 to $11.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) gained 11.3% to $16.79.</li>
<li>Certara, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERT#NASDAQ">CERT</a>) shares jumped 10.5% to $11.82.</li>
<li>Empire State Realty OP, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESBA#NYSE">ESBA</a>) gained 8.4% to $11.50.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) gained 8.4% to $16.79.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) climbed 7% to $1.71.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 6.6% to $6.16.</li>
<li>Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) gained 5.7% to $9.01.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41066188/this-hp-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-friday">This HP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday</a></li>
</ul>

Intraday Update

BMEA

CERT

ESBA

IONQ

RKLB

IonQ, Biomea Fusion, Rocket Lab USA And Other Big Stocks Moving Higher On Friday

Shares of Chinese stocks are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

QFIN

TIGR

VIPS

Shares of US-listed Chinese companies are trading lower amid a possible selloff following yesterday's strength after China's Central Bank announced a new stimulus package.

U.S. stocks were lower, with the Dow Jones index falling around 200 points on Friday.
Shares of Wave Life Sciences Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) rose sharply during Tuesday's session after the company announced interim data from its ongoing Phase 2 FORWARD-53 study of WVE-N531 for <a href="https://www.benzinga.com/quote/WVE/news">Duchenne muscular dystrophy.</a>
Wave Life Sciences shares surged 37.9% to $7.36 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) gained 23.8% to $74.06 after the company announced that it submitted a counterproposal to charter for the proposed business combination.</li>
<li>Kanzhun Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) gained 15% to $14.64. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) surged 12.7% to $17.94.</li>
<li>Tencent Music Entertainment Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TME#NASDAQ">TME</a>) gained 12.2% to $11.43. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) shares jumped 11.9% to $1.41. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>Ramaco Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METC#NASDAQ">METC</a>) surged 10% to $11.15.</li>
<li>Ivanhoe Electric Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>) gained 10.7% to $8.21.</li>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) jumped 10% to $2.35.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) gained 9.2% to $32.49.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 8.6% to $5.78. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>SBC Medical Group Holdings Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NASDAQ">SBC</a>) rose 8.2% to $6.22. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) gained 7.5% to $36.80.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) climbed 7.5% to $23.86. Shares of US-listed Chinese companies traded higher after China Central Bank announced a new stimulus package.</li>
<li>GDS Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) gained 7% to $21.94.</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) shares rose 5.7% to $44.53.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares gained 2.5% to $256.20. The catalyst that is potentially offering support on Tuesday is data out of China that showed that insured registered for Tesla vehicles remained healthy for the recent reporting week.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41002493/top-4-health-care-stocks-that-may-keep-you-up-at-night">Top 4 Health Care Stocks That May Keep You Up At Night</a></li>
</ul>

LBRDA

METC

TSLA

Wave Life Sciences, Nio, Li Auto, Tesla And Other Big Stocks Moving Higher On Tuesday

Shares of US-listed Chinese companies are trading higher after China Central Bank announced a new stimulus package.

CORRECTION: Dada Nexus Earnings And Citigroup Upgrade Were On Aug. 21

<h4>Key Takeaways:</h4>
<ul>
<li>Walmart has sold its stake in JD.com at a time when its Chinese operations are flying on a growing local preference for Costco-style warehouse shopping</li>
<li>JD.com continues to face stiff competition in China&rsquo;s tough e-commerce market as consumption in the country remains sluggish</li>
</ul>
By Xiao Lin
There are no eternal allies or enemies, just a constant shifting of alliances, British statesman Henry John Temple said over a century ago when he famously proclaimed: &ldquo;Our interests are eternal and perpetual, and those interests it is our duty to follow.&rdquo;
Such perspective seems especially relevant in explaining last week&rsquo;s breakup between U.S. retailing giant&nbsp;Walmart&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) and&nbsp;JD.com Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>), one of China&rsquo;s leading e-commerce companies, which ended their relationship with more than a decade of history.
On Aug. 21, Walmart formalized a divorce of sorts with its partner of eight years when it sold its 9.4% stake in JD.com. The timing of the separation coincides with the end of an eight-year non-compete agreement between the two in the massive Chinese e-commerce market.
&ldquo;This decision allows us to focus on our strong China operations for Walmart China and Sam&rsquo;s Club, and deploy capital toward other priorities,&rdquo; Walmart said after announcing the separation, adding it would continue its strategic partnership with JD.com. Walmart received about $3.6 billion from the sale.
JD.com tried to soften the blow of the divorce by saying it has confidence in future collaboration between the two companies. On a more practical level, it also repurchased $390 million of its shares, using up the remaining amount under its $3 billion share buyback plan announced in March.
Walmart continues its presence on JD.com and&nbsp;Dada&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dada#NASDAQ">DADA</a>), JD.com&rsquo;s intracity delivery service platform in which Walmart still held a 9% stake as of March 31.
But the sale of such a big stake, not to mention the loss of such a big-name partner, was bound to have an impact on JD.com&rsquo;s shares. The stock closed about 9% lower in Hong Kong last Wednesday to trade at less than a third of its all-time high in February 2021. Walmart&rsquo;s shares moved in the other direction, rising 0.6% to hit an all-time high of $75.58.
The breakup and subsequent share reactions reflect investor concerns over JD.com&rsquo;s future, while being a small positive sign for Walmart as it tries to find its way in the massive but also highly complex Chinese retail market.
Walmart&rsquo;s interest in JD.com dates back as early as 2010, when it sought to invest in the up-and-coming company&rsquo;s C funding round, according to a state media report. At that time, Walmart had 189 stores in 101 cities across China. JD.com was already China&rsquo;s second-largest e-commerce platform, behind only&nbsp;Alibaba&rsquo;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) hugely popular Taobao.
The investment didn&rsquo;t materialize in the end, with market rumors saying it was killed by Walmart&rsquo;s insistence on gaining a controlling stake in JD.com &ndash; something the company&rsquo;s colorful founder Richard Liu refused. Walmart went on to buy Yihaodian.com, a Chinese online grocery store, to use as the foundation for growing its e-commerce footprint in China. It later increased its stake and finally took full ownership of that service in 2015.
Meantime, JD.com would go on to list Walmart as one of its competitors at the time of its U.S. IPO in 2014 when foreign investors were still enamored with the big potential of e-commerce in China.
<h3>Perfect Match?</h3>
The two former rivals quickly changed their tune with the announcement of their ground-breaking partnership in 2016. Under that made-in-China marriage, Walmart gave Yihaodian to JD.com in exchange for 5% of JD.com&rsquo;s shares. While Walmart gained access to JD.com&rsquo;s e-commerce infrastructure, JD.com added more imported goods from Walmart to its offerings, gaining an edge over Taobao.
At that time, JD.com was rapidly expanding into China&rsquo;s smaller markets that were largely neglected because of their lower consumption power but whose hundreds of millions of consumers offered a huge business opportunity. JD.com&rsquo;s platform and logistics networks were invaluable to Walmart, whose hundreds of brick-and-mortar stores were facing competition from the e-commerce challenge. Rumors also suggested that Walmart&rsquo;s big hopes for its Yihaodian partnership were running into conflicts.
The Walmart-JD.com marriage got a strong reception, with both stocks rallying on the news. By the end of that year, Walmart had increased its JD.com stake to 10%, and Walmart&rsquo;s sales on JD.com tripled one year into the partnership.
<h3>Clean Breakup</h3>
In the eight years following the marriage, Walmart has been building its own logistics and sales network in the country. More importantly, it has retrenched its traditional brick-and-mortar store network and has shifted its focus to target increasingly cautious consumers who are excited by good value-for-money. Its Sam&rsquo;s Club brand has successfully tapped into that vein, defying the currently sluggish post-pandemic consumer market in China.
In Hong Kong, travel to the neighboring city of Shenzhen to shop at Sam&rsquo;s Club and rival&nbsp;Costco&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) has become a popular day trip activity. Sam&rsquo;s Club stores in other Chinese markets are often frequently filled with bargain-hungry shoppers.
Walmart beat market expectations when it reported its revenue rose 4.8% in this year&rsquo;s second quarter. Part of that upside may have come from China, where its sales defied the weak market to jump by 17.7% to $4.6 billion, led by a 44% jump in local e-commerce sales.
&ldquo;In China, strong membership trends and Sam&rsquo;s Club continue to drive double-digit sales growth, and about half of our sales there are digital,&rdquo; Walmart CEO Doug McMillon said on the company&rsquo;s earnings call.
While Walmart is ready to go solo in China, it&rsquo;s far less clear if JD.com is enjoying the divorce as it faces multiple headwinds, from cutthroat competition to growing geopolitical tensions that are scaring global investors from its U.S.- and Hong Kong-listed shares.
For years JD.com was focused on building its platform, renowned for quality electronics and its own logistics network that guaranteed timely delivery. But as competition intensifies, it has also diversified beyond its original direct sales model and added more smaller third-party shops to its platform to better compete with Taobao. It is also experimenting with low prices and subsidies, aiming to compete not only with Taobao, but also&nbsp;PDD&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pdd#NASDAQ">PDD</a>), and livestreaming e-commerce platforms like Douyin.
JD.com has started to follow suit by trying to turn up its livestreaming sales that are all the rage in China now, but it has gained little traction so far. Meantime, PDD overtook JD.com in 2019 to become China&rsquo;s second largest e-commerce platform, and late last year surpassed Alibaba to become the country&rsquo;s most valuable e-commerce company by market value. Reflecting current investor sentiment, Alibaba now trades at the highest price-to-earnings ratio of 21 among the trio, while PDD comes next at 13 and JD.com is last among that trio at just 9.
All that said, JD.com is still a force to be reckoned with in China. It nearly doubled its profits in this year&rsquo;s second quarter, and management said on its earnings call that the company will continue its low-price strategy as it tries to compete with the likes of Sam&rsquo;s Club and PDD in offering better value for money.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

Penny Stocks

Small Cap

General

COST

Resurging Walmart, Shaky JD.com Go Their Separate Ways In China

Citigroup analyst Alicia Yap upgrades Dada Nexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) from Sell to Neutral and raises the price target from $1 to $1.5.

Upgrades

Price Target

Analyst Ratings

Citigroup Upgrades Dada Nexus to Neutral, Raises Price Target to $1.5

Dada Nexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) reported quarterly losses of $(0.08) per share which beat the analyst consensus estimate of $(0.10) by 20 percent. The company reported quarterly sales of $324.53 million which beat the analyst consensus estimate of $317.35 million by 2.26 percent. This is a 19.14 percent decrease over sales of $401.37 million the same period last year.

Earnings

Dada Nexus Q2 EPS $(0.08) Beats $(0.10) Estimate, Sales $324.53M Beat $317.35M Estimate

Ian Su Shan will continue to serve as a director of the Company and a member of the nominating and corporate governance committee of the Board.&nbsp;
In addition, Bing Fu has notified the Board of his resignation as the Interim President of the Company for personal reasons, effective August 20, 2024.
Meanwhile, the board of directors is actively evaluating the Company&#39;s leadership composition in light of the Company&#39;s long-term development plans.

Management

Dada Nexus Names Kevin Qing Guo To Succeed Ian Su Shan As Chairman Of Board, Effective August 20

BSFC

CASY

DLTR

HFFG

IPAR

OLPX

SNAX

USFD

ZVIA

Shares of companies within the broader consumer staples sector are trading higher following recent CPI data.

<h4>Key Takeaways:</h4>
<ul>
<li>Qudian started generating meaningful revenue from its new last-mile delivery business in Australia and New Zealand in the first quarter</li>
<li>The venture represents the cash-rich former online lender&rsquo;s latest new business model after previous attempts at education and packaged meals failed</li>
</ul>
By Warren Yang
Life after fintech isn&rsquo;t getting any easier for&nbsp;Qudian Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qd#NYSE">QD</a>), a former online lending pioneer that abandoned its original business when the regulatory environment got too hot. Over the space of just a few years, the company has tried its luck in education and packaged meals since ditching its ground-breaking online consumer lending business. But both of those attempts failed miserably &ndash; and quickly.
Now, the former fintech highflyer, which has quite a lot of cash in its coffers, is looking to revive its fortunes with a last-mile delivery business, banking on the proliferation of e-commerce. Such services are especially in demand from local retailers looking to quickly deliver online orders to customers in the same city. Qudian already has limited experience with somewhat similar deliveries from its packaged meal business, so this new logistics venture may not seem as unrelated to its previous experience as its earlier initiatives to reinvent itself.
But what makes this latest transformation gutsy is that it&rsquo;s unfolding far from Qudian&rsquo;s familiar terrain in China. It started its last-mile delivery operations under the Fast Horse brand in Australia on a trial basis at the end of 2022 and achieved &ldquo;meaningful&rdquo; scale in last year&rsquo;s second quarter, according to the company&rsquo;s latest quarterly&nbsp;<a href="https://www.prnewswire.com/news-releases/qudian-inc-reports-first-quarter-2024-unaudited-financial-results-302171806.html">earnings report</a>&nbsp;released last week. The company has also entered New Zealand. The overseas focus probably owes partly to intense competition in China, whose recent economic slowdown is also leading many companies to look overseas for growth these days.
After more than a year in its new business line, Qudian has finally scaled up its delivery venture enough to generate meaningful sales. In the first quarter of this year, the company earned 53.8 million yuan ($7.4 million) in revenue from Fast Horse, which accounted for most of its revenue for the period. This marks big progress from just 300,000 yuan a year earlier.
But Qudian has a long way to go to reach profitability. Despite its progress, its total loss from operations more than doubled to 72.5 million yuan, dwarfing its revenue. An unprofitable new business isn&rsquo;t uncommon. But in Qudian&rsquo;s case, its cost of revenue &ndash; the cost to generate every dollar of revenue &ndash; exceeds its actual revenue, which means it&rsquo;s already in the red even before adding in its operating expenses.
This raises questions about the fundamental viability of the company&rsquo;s latest business model. It runs its last-mile delivery operations out of its own warehouses, which numbered five in Australia and one in New Zealand at the end of March. It pays drivers to deliver its goods, which seems to account for the bulk of its cost of revenue.
With this structure, Qudian may not have much room to reduce its revenue costs. According to Fast Horse&rsquo;s website, whose landing page is entirely dedicated to recruiting drivers, the company hires drivers individually, rather than using a third-party agency that can quickly scale up the business. It then has those drivers use their own vehicles to make deliveries, similar to how ride-hailing apps like Uber operate. It pays the drivers on an hourly basis.
<h4>Rigid cost structure</h4>
This kind of business model will make it hard to lower costs even as Fast Horse grows, since it has relatively little room for creating economies of scale. So, unless it can charge its customers more, it could be difficult to achieve a profitable cost structure no matter how much its revenue increases.
As its cost of revenue ballooned in sync with its first-quarter revenue growth, Qudian slashed its marketing spending to almost nothing in the period. That may save costs, but it&rsquo;s also a red flag for investors who are probably expecting bigger spending to promote the company&rsquo;s young delivery services.
After just a year in the delivery business, Qudian also continues to hedge its bets with yet another new foray. That gamble lies in aircraft leasing, which Qudian began exploring last September. The company owned three aircraft as of March and leased two to third parties and kept one for its own use. Qudian says it will continue to develop this operation, though it&rsquo;s not clear how serious it is about this plan.
Aircraft leasing isn&rsquo;t really related to last-mile delivery, so there won&rsquo;t be much potential for synergies between the two even if Qudian commits to both. Not to mention, Qudian has little or no experience in the aircraft business, though perhaps some of its financial expertise could help in running this kind of leasing business to assess things like customers&rsquo; credit risks.
Its ongoing identity crisis shows just how much times have changed since Qudian emerged as a pioneer among a new generation of online peer-to-peer (P2P) lenders about a decade ago. It prospered at first, before the entire group fell victim to a harsh regulatory crackdown. Most smaller companies didn&rsquo;t survive, and many that remained have transitioned to loan facilitation. But Qudian decided to quit the sensitive sector completely and leverage its large cash pile by testing out other business areas.
The company&rsquo;s general approach looks a bit like the proverbial tactic of &ldquo;throwing spaghetti against a wall to see what sticks.&rdquo; It has some leeway to do that because of its large cash reserves, built up partly through investment income. At the end of March, Qudian&rsquo;s cash and cash equivalents amounted to the equivalent of nearly $1 billion, though that&rsquo;s down somewhat from a year ago as it spends to get its new businesses up and running.
Qudian shares rallied a bit after its earnings release, perhaps because investors were encouraged by revenue growth from its last-mile delivery business. But the company&rsquo;s stock is still more than 90% down from its IPO price in 2017, trading at a price-to-book (P/B) ratio of just 0.2. That&rsquo;s far below the 0.6 for former fintech rival&nbsp;FinVolution&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/finv#NYSE">FINV</a>), and 0.5 for&nbsp;Dada Nexus&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dada#NASDAQ">DADA</a>), China&rsquo;s leading last-mile delivery specialist, even though multiples for these other two companies are also quite low.
Qudian may want its Fast Horse to gallop soon, even though its heavy cost structure is likely to keep that from happening anytime soon. Until that changes, most investors may take a pass on the company&rsquo;s stock.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

FINV

Qudian's Latest Identity Delivers Big Costs, Scant Rewards

4 analysts have shared their evaluations of Dada Nexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $3.0, a high estimate of $5.00, and a low estimate of $2.00. Highlighting a 58.9% decrease, the current average has fallen from the previous average price target of $7.30. 
<img src="https://www.benzinga.com/files/images/story/2024/1716300050_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Dada Nexus is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Lee</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Ronald Keung</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$2.10</td>
<td>-</td>
</tr>
<tr>
<td>Thomas Chong</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$2.90</td>
<td>$8.60</td>
</tr>
<tr>
<td>Jin Yoon</td>
<td>New Street Research</td>
<td>Announces</td>
<td>Neutral</td>
<td>$2.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Dada Nexus. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Dada Nexus compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Dada Nexus's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/DADA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Dada Nexus analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Dada Nexus Better</h2>
Dada Nexus is a leading crowdsourced delivery service in China. The company has two core businesses, Dada Now, which is an on-demand delivery platform that provides last-mile and intracity services; and JD Daojia, or JDDJ, which is an online on-demand retail platform that connects consumers to merchants with its delivery capabilities. As of 2022, Dada Now accounted for 34% of revenue while JDDJ accounted for the rest. JDDJ and Dada Nexus merged in 2016, where JD.com received 47.4% ownership of the merged entity in exchange for its JDDJ business. As of June 2023, JD.com and Walmart Inc own 53.9% and 9.3% of Dada Nexus, respectively. Dada Nexus competes with other logistics companies such as SF Intra-City, with Didi in its delivery business, and with Meituan in its on-demand retail segment.
<h3>Dada Nexus's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Dada Nexus's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -3.3%. This indicates a decrease in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -13.38%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -6.07%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Dada Nexus's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -4.55%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Dada Nexus's debt-to-equity ratio is below the industry average. With a ratio of 0.0, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For Dada Nexus

Mizuho analyst James Lee maintains Dada Nexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) with a Buy and lowers the price target from $6 to $5.

Mizuho Maintains Buy on Dada Nexus, Lowers Price Target to $5

Shares of Fluent Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNT#NASDAQ">FLNT</a>) fell sharply during Thursday's session after posting weaker-than-expected <a href="https://www.benzinga.com/quote/FLNT/earnings">quarterly results.</a>
Fluent posted adjusted loss of 30 cents per share, versus market expectations for a loss of 10 cents per share. The company's quarterly sales came in at $65.983 million missing estimates of $66.433 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Fluent shares dipped 12.6% to $3.47 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Lucy Scientific Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSDI#NASDAQ">LSDI</a>) shares jumped 239% to $1.75.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) jumped 100% to $0.1196 after jumping around 34% on Wednesday.</li>
<li>Crown ElectroKinetics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) gained 77.3% to $0.0819 after declining around 3% on Wednesday.</li>
<li>BM Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMTX#NASDAQ">BMTX</a>) rose 68% to $2.8850 after the company reported better-than-expected first-quarter financial results.</li>
<li>TSR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSRI#NASDAQ">TSRI</a>) shares climbed 65% to $13.13 after the company announced that it entered into a definitive agreement to be acquired by Vienna Parent.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) rose 55% to $0.1355 after gaining around 48% on Wednesday. Pineapple Energy, last week, reported worse-than-expected first-quarter financial results.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) gained 48% to $0.1275 as the company shared several commercial and technological accomplishments from the first quarter of 2024.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) gained 33.3% to $0.94.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) shares rose 32.6% to $3.1711 as the company reported a narrower-than-expected loss for its first quarter and announced a definitive commercial agreement with AT&amp;T Inc.</li>
<li>Bruush Oral Care Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRSH#NASDAQ">BRSH</a>) gained 30.7% to $0.0949.</li>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) shares rose 27% to $0.1622 after surging 132% on Wednesday.</li>
<li>Canada Goose Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) jumped 23% to $14.10 following better-than-expected fourth-quarter earnings.</li>
<li>Magnite, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) rose 21.6% to $11.91. Needham analyst Laura Martin reiterated Magnite with a Buy and maintained a $15 price target.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) gained 17.6% to $0.0760 after adding more than 15% on Wednesday.</li>
<li>Lightspeed Commerce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSPD#NYSE">LSPD</a>) climbed 15.3% to $14.74 following upbeat quarterly sales.</li>
<li>Trupanion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) rose 14.7% to $32.53 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $35 to $49.</li>
<li>SilverBow Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBOW#NYSE">SBOW</a>) gained 14.7% to $37.17 after the company announced that it entered into a definitive agreement to be acquired by Crescent Energy.</li>
<li>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) rose 12.8% to $4.79. VinFast received 27,649 pre-orders for the VF 3 in Vietnam after 66 hours of accepting deposits.</li>
<li>Corebridge Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>) gained 12.7% to $34.00 after AIG reached a deal to sell shares of its stock in the company to Nippon Life Insurance.</li>
<li>Extreme Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) rose 10.8% to $12.02.</li>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) gained 6.9% to $63.99 following better-than-expected quarterly earnings.</li>
<li>ZTO Express (Cayman) Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) shares climbed 6% to $22.67 following upbeat quarterly results</li>
<li>Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) gained 4.1% to $263.28 following an SEC filing showed Berkshire Hathaway purchased shares of the stock. The 13F filing revealed Berkshire Hathaway had purchased 25.92 million Chubb shares valued at over $6.717 billion.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) dipped 23.7% to $8.65 after the company reported mixed first-quarter financial results on Wednesday.</li>
<li>a.k.a. Brands Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) shares declined 22.7% to $22.80.</li>
<li>Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) fell 22% to $0.8291 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Omeros Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMER#NASDAQ">OMER</a>) fell 21.1% to $3.29 after the company announced a wider-than-expected quarterly loss.</li>
<li>Reliance Global Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) declined 19.2% to $0.2994. &#8211; Reliance Global Group is expected to host a conference call Monday, May 20, to discuss financial results for the first quarter.</li>
<li>Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) dipped 17.8% to $2.81.</li>
<li>Rekor Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REKR#NASDAQ">REKR</a>) declined 16.6% to $1.51 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Sadot Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDOT#NASDAQ">SDOT</a>) fell 16.6% to $0.2855 following first-quarter financial results.</li>
<li>KULR Technology Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>) shares fell 14.8% to $0.3976 after the company announced worse-than-expected first-quarter financial results.</li>
<li>AERWINS Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares fell 14% to $5.40 after jumping 132% on Wednesday.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares fell 13.8% to $34.06 after dipping around 19% on Wednesday.</li>
<li>NICE Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) declined 11.8% to $201.01 after the company reported first-quarter financial results. The company issued second-quarter adjusted revenue guidance with its midpoint below estimates.</li>
<li>Gambling.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAMB#NASDAQ">GAMB</a>) fell 9.8% to $7.64 after the company issued first-quarter financial results. Also, the company cut its FY24 revenue guidance below estimates.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares declined 9% to $4.9904 after tumbling 20% on Wednesday.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) dipped 8.4% to $2.39. The company recently appointed Glenn Murphy as Executive Chairman of the Board of Directors, effective immediately.</li>
<li>AdTheorent Holding Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTH#NASDAQ">ADTH</a>) declined 7.4% to $3.1750. AdTheorent reported withdrawal of acquisition proposal from third party.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) shares fell 7% to $1.8688 following weak quarterly results.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell 4.3% to $210.53.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38872018/top-5-utilities-stocks-you-may-want-to-dump-in-may">Top 5 Utilities Stocks You May Want To Dump In May</a>

ADTH

ASTS

AWIN

BMTX

BRSH

COIN

CRBG

CRKN

EXTR

EYEN

FFIE

FLNT

GAMB

GOOS

GWAV

KULR

LSDI

LSPD

MGNI

NICE

OMER

PEGY

REKR

SBOW

SDOT

SINT

SPIR

TIRX

TRUP

TSRI

WOOF

Why Fluent Shares Are Trading Lower By Around 13%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Dada Nexus shares are trading lower after the company reported worse-than-expected Q1 financial results.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Dada Nexus (NASDAQ:<a href="https://investorplace.com/stock-quotes/dada-stock-quote/">DADA</a>) just reported results for the second quarter of 2024.<ul><li>Dada Nexus reported earnings per share of -8 cents. This was above the analyst estimate for EPS of -10 cents.</li><li>The company reported revenue of $324.53 million.</li><li>This was 2.26% better than the analyst estimate for revenue of $317.35 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	The post <a href="https://investorplace.com/earning-results/2024/08/dada-stock-earnings-dada-nexus-for-q2-of-2024/">DADA Stock Earnings: Dada Nexus Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

DADA Stock Earnings: Dada Nexus Beats EPS, Beats Revenue for Q2 2024

Dada Nexus (DADA) has released an update. JD.com, through its wholly-owned subsidiary, has acquired Walmart's entire stake in Dada Nexus Limited, t...

JD.com Buys Walmart's Stake in Dada Nexus

Walmart unloads its stake in Dada Nexus to JD.com

4 stocks to watch on Tuesday: PLTR, MSFT and more

Biggest stock movers Tuesday: INTC, HPE, and more

State of the consumer: Airbnb, Wayfair, and Stitch Fix leads gains in the retail sector

Trending stocks this week after Fed delivers jumbo rate cut

These stocks are rallying after China announced stimulus measures

Dada Nexus: Still Cheap Despite Recent China Rally

Wall Street Breakfast: The Week Ahead

AAPL

ABNB

AMZN

BBWI

BKNG

BROS

CALM

CAPR

CURV

FOSL

INTC

JNPR

KRUS

LEVI

LKNCY

MLCO

MSFT

NEGG

PAYX

PLTR

PLUG

PROK

PSNY

PTLO

PZZA

RVLV

SARO

SAVA

SFIX

SOUN

TDUP

TECX

ULTA

WYNN

Press Releases

DADA DEADLINE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Dada Nexus Limited Investors With Losses in Excess of $100k to Secure Counsel Before Important March 11 Deadline in Securities Class Action First Filed by the Firm - DADA

Dada to Announce Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results on March 25, 2024

Dada Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

Dada Files Annual Report on Form 20-F for Fiscal Year 2023

Dada to Announce Unaudited First Quarter 2024 Financial Results on May 15, 2024

Dada Announces Unaudited First Quarter 2024 Financial Results

Dada Publishes 2023 ESG Report

Dada to Announce Unaudited Second Quarter 2024 Financial Results on August 20, 2024

Dada Announces Certain Management Changes

Dada Announces Unaudited Second Quarter 2024 Financial Results

Comments

Dada Nexus

Noticias

Últimas noticias sobre Dada Nexus (NASDAQ:DADA) Bolsa

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL