5 Stocks Making Headlines on Monday

4. DiDi Global Inc. (NYSE:DIDI) has fallen 14.63% as of 12:02 PM ET after the Chinese ride-hailing corporation announced that it’s planning to delist its shares from the New York Stock Exchange (NYSE) and find an alternative stock exchange to list its shares. An extraordinary general meeting has been called on May 23 to vote on this matter. However, the delisting process from the NYSE will be completed first before the process of listing on a new stock exchange begins.

DiDi Global Inc. (NYSE:DIDI) also announced its Q4 2021 results earlier today. Revenue declined by 12.7% YoY to $6.4 billion, and the loss per American Depository Share (ADS) was one cent.

DiDi Global Inc. (NYSE:DIDI) is a constituent of 21 hedge fund portfolios as of Q4 2021. Coatue Management is the leading investor in DiDi Global Inc. (NYSE:DIDI), with a stake worth over $201 million.