DDL - Why Shares of Dingdong Gaotu Techedu and RLX Technology Are Rising This Week
2023-06-15 13:12:18 ET
Shares of many Chinese stocks rose this week as China's central bank trimmed one of its short-term interest rates and also on rumors that stimulus could be coming.
Shares of the online grocery delivery company Dingdong (Cayman) Limited (NYSE: DDL) traded nearly 17% higher for the week as of 12:46 p.m. ET Thursday, according to data from S&P Global Market Intelligence .
Meanwhile, shares of the online education company Gaotu Techedu (NYSE: GOTU) have surged roughly 21% this week and shares of the electronic-vape company RLX Technology (NYSE: RLX) were up nearly 15%.
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Why Shares of Dingdong, Gaotu Techedu, and RLX Technology Are Rising This Week