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Why Youdao Stock Skyrocketed 66.9% in June

Why Youdao Stock Skyrocketed 66.9% in June

Shares of Youdao (NYSE: DAO) gained 66.9% in June, according to data from S&P Global Market Intelligence. NetEase issued new common stock and also had its public debut on the SEHK on June 11, and its valuation climbed roughly 8.4% last month. Youdao posted much bigger gains than NetEase, but its stock movement trends tracked closely in line with those of its parent company.