Market Activity
DouYu International Holdings Ltd. (DOYU) Stock Plunging After a Fabulous Performance on Wednesday, Here’s Why
DouYu International Holdings Ltd. (DOYU), a company that provides entertainment live streaming services and interactive games through its platform, has slid 10.09% in the pre-market trading session. The slump could be attributed to the profit-taking factor after the stock went berserk during Wednesday’s regular trading session after rocketing by 60.56% to close the day at $2.28. The massive surge came following the announcement of strong quarterly results. Q4 & FY 2021 Results On Wednesday, DOYU released the financial results for the fourth quarter and full-year 2021. The total net revenue during the three months grew by 2.6% on a year-over-year basis
