Waterdrop (NYSE:WDH) Trading Down 6.8%

Waterdrop Inc. (NYSE:WDH)’s stock price dropped 6.8% during trading on Thursday . The company traded as low as $2.20 and last traded at $2.20. Approximately 637 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 643,235 shares. The stock had previously closed at $2.36.

The business has a 50 day simple moving average of $3.16.

Waterdrop (NYSE:WDH) last released its quarterly earnings data on Tuesday, September 7th. The company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.32). Equities analysts predict that Waterdrop Inc. will post -0.04 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of WDH. Morgan Stanley bought a new stake in Waterdrop during the 2nd quarter valued at $20,399,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Waterdrop in the second quarter valued at about $15,228,000. Apoletto Ltd bought a new position in shares of Waterdrop during the second quarter valued at about $14,442,000. Taikang Asset Management Hong Kong Co Ltd bought a new position in shares of Waterdrop during the second quarter valued at about $4,014,000. Finally, Millennium Management LLC bought a new stake in shares of Waterdrop in the second quarter worth about $2,288,000. Hedge funds and other institutional investors own 0.27% of the company’s stock.

About Waterdrop (NYSE:WDH)

Waterdrop Inc provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. It operates medical crowdfunding and mutual aid platforms. The company was founded in 2016 and is headquartered in Beijing, the People's Republic of China.

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