On August 23, Gelonghui | Dada Nexus (DADA.US) rose 3.45% before the market, to $1.2; the stock fell sharply by 11.45% yesterday. Dada Nexus announced on Wednesday that the company's Q2 revenue was 2.35 billion yuan, a year-on-year decrease of 9.5%. In addition, it was announced that Guo Qing, an advisor to JD.com, will become the chairman of Dada Nexus' board of directors. After the performance, Citigroup analyst Alicia Yap raised the rating of Dada Nexus from sell to hold and set a target price of $1.5.
美股异动丨达达集团盘前涨超3% 绩后花旗上调评级至持有
U.S. Stock Market News: dada nexus rose more than 3% pre-market, with Citigroup raising its rating to hold after performance.
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