- Dingdong (Cayman) Ltd DDL Board of Directors has authorized a share repurchase program of up to $30.0 million of its shares over a period until December 19, 2022.
- The proposed repurchases may be made from time to time on the open market at prevailing market prices.
- The company's Board will review the share repurchase program periodically and may authorize adjustment of its terms and size.
- Dingdong held $1.06 billion in cash and equivalents as of September 30, 2021.
- Price Action: DDL shares closed lower by 0.15% at $13.48 on Friday.
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