Chinese Regulators Investigate Didi Global After U.S. Debut

The security is now pacing for its second-straight week of losses

Deputy Editor
Jul 16, 2021 at 1:09 PM
facebook X logo linkedin


State officials from seven Chinese government departments conducted an on-site visit of ride-hailing name DiDi Global Inc (NYSE:DIDI) today, with the objective of performing a cybersecurity review of the company. The visit came as regulatory pressures intensify, with China calling on its tech industry to implement stricter measures to securely store user data. The investigation also ordered the company to remove its apps from China, and happened just two days after DiDi Global raised $4.4 billion from its U.S. initial public offering (IPO).

In response, DIDI was last seen down 3.4% to trade at $11.94. Though the security has only been trading for a couple of weeks, it has finished higher just four times, and is now pacing for its second-straight week of losses. Quarter-to-date, DiDi Global stock has lost 15.7%.

Analyst attention is still scarce, but the one brokerage firm covering DIDI calls it a "buy." Plus, the 12-month consensus price target of $25 is a staggering 110.3% premium to current levels.

 

 

 

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI