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Why Dada Nexus Stock Popped Today

TheMotleyFool

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Shares of Dada Nexus (NASDAQ: DADA) were soaring today on news that JD.com (NASDAQ: JD) had proposed acquiring all of its outstanding shares for $2 per American Depositary Share.

As a result, the stock was up 33% as of 10:38 a.m. ET.

Image source: Getty Images.

Source Fool.com

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