MF - Chinese grocery app Dingdong shoots up 95%+ intraday in second post-IPO session

hernan4429/iStock via Getty Images Chinese grocery app Dingdong (DDL) soared more than 95% intraday in its second post-IPO trading session Wednesday as the stock continued to swing wildly. DDL shot up to as high as $46 Wednesday morning, up 95.6% from its first-day close Tuesday at $23.52. Shares later pulled back some, but were still trading at $40.22 shortly after 11 a.m. ET, up 71% from Tuesday’s close and 71.1% from the stock’s $23.50-a-share initial public offering price. Dingdong has swung massively since beginning trading on Tuesday despite no apparent additional company news. The stock shot up as much as 27.6% intraday in its first session Tuesday to reach $29.99, then gave almost all of it back to close at $23.52 – up just two cents from its IPO price. Dingdong’s IPO had earlier seemed to fare poorly, pricing at the bottom of an expected $23.50-$25.50/share IPO price. Dingdong also slashed

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Chinese grocery app Dingdong shoots up 95%+ intraday in second post-IPO session