Baozun Inc. (BZUN) Shares Gap Up to $33.98
Baozun Inc. (NASDAQ:BZUN)’s share price gapped up prior to trading on Monday . The stock had previously closed at $32.81, but opened at $33.98. Baozun shares last traded at $34.60, with a volume of 5,172,835 shares traded.
BZUN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Baozun from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Tuesday, July 25th. Bank of America Corporation raised their target price on Baozun from $26.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, BidaskClub upgraded Baozun from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th.
The firm has a 50 day moving average of $30.89 and a 200 day moving average of $20.80.
Several large investors have recently made changes to their positions in BZUN. Matthews International Capital Management LLC raised its position in shares of Baozun by 12.9% in the first quarter. Matthews International Capital Management LLC now owns 1,882,441 shares of the technology company’s stock worth $28,124,000 after buying an additional 215,600 shares during the period. Green Court Capital Management Ltd purchased a new position in shares of Baozun during the second quarter worth about $32,278,000. Harvest Fund Management Co. Ltd raised its position in shares of Baozun by 78.2% in the second quarter. Harvest Fund Management Co. Ltd now owns 790,142 shares of the technology company’s stock worth $17,517,000 after buying an additional 346,861 shares during the period. Franklin Resources Inc. purchased a new position in shares of Baozun during the second quarter worth about $16,599,000. Finally, Kora Management LP purchased a new position in shares of Baozun during the first quarter worth about $9,562,000. 27.96% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/08/21/baozun-inc-bzun-shares-gap-up-to-33-98.html.
Baozun Company Profile
Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.