DIDIY - Why did DiDi Global shares fall almost 5% Monday? It could be what's up with Beijing
- Chinese ride-hailing giant DiDi Global ( OTCPK:DIDIY ) saw its shares fall almost 5% Monday on little major news for company.
- Activity in DiDi ( OTCPK:DIDIY ) shares was slightly below average, as 12.2M shares of the company's stock had traded hands by the close of trading. DiDi ( OTCPK:DIDIY ) averages 14.5M shares exchanged on a daily basis.
- Last was a mixed bag for DiDi ( OTCPK:DIDIY ) as the company's app got approved to be back on Apple ( AAPL ) app stores in China . However, DiDi ( OTCPK:DIDIY ) appeared about to see some new competition, as China reportedly said it will soon launched a state-owned service for ride-sharing and airline reservations .
- Wall Street analysts currently have a consensus strong buy rating on DiDi's ( OTCPK:DIDIY ) stock, while Seeking Alpha authors give the share a rating of sell. Seeking Alpha's Quant System, which historically outperforms the stock market, has a hold rating on DiDi's ( OTCPK:DIDIY ) stock.
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Why did DiDi Global shares fall almost 5% Monday? It could be what's up with Beijing