Tuniu Corp. (TOUR) Sees Large Volume Increase
Tuniu Corp. (NASDAQ:TOUR) shares saw unusually-high trading volume on Monday . Approximately 239,542 shares traded hands during trading, a decline of 11% from the previous session’s volume of 268,274 shares.The stock last traded at $9.39 and had previously closed at $9.72.
TOUR has been the topic of a number of research reports. Zacks Investment Research lowered shares of Tuniu Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. Deutsche Bank AG initiated coverage on shares of Tuniu Corp. in a report on Friday, May 20th. They set a “buy” rating and a $11.00 target price on the stock. Finally, Morgan Stanley lowered shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $18.00 to $14.00 in a report on Tuesday, April 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.06.
The firm’s 50 day moving average price is $9.12 and its 200 day moving average price is $9.77. The stock’s market cap is $887.63 million.
A hedge fund recently bought a new stake in Tuniu Corp. stock. First Trust Advisors LP purchased a new position in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 87,126 shares of the company’s stock, valued at approximately $1,392,000. First Trust Advisors LP owned about 0.09% of Tuniu Corp. at the end of the most recent quarter.
Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.
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