Jumei International (JMEI) Sees Unusually-High Trading Volume
Jumei International Holding Ltd (NYSE:JMEI) shares saw an uptick in trading volume on Monday . 1,424,358 shares changed hands during trading, an increase of 146% from the previous session’s volume of 579,574 shares.The stock last traded at $2.50 and had previously closed at $2.45.
Separately, ValuEngine raised shares of Jumei International from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
Several hedge funds and other institutional investors have recently bought and sold shares of JMEI. Wealth Architects LLC bought a new stake in shares of Jumei International during the fourth quarter valued at approximately $37,000. BlackRock Inc. boosted its stake in Jumei International by 6.5% in the third quarter. BlackRock Inc. now owns 1,628,740 shares of the specialty retailer’s stock valued at $3,468,000 after acquiring an additional 98,743 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Jumei International by 108.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,400 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 71,030 shares during the last quarter. Virtu Financial LLC boosted its stake in Jumei International by 158.8% in the fourth quarter. Virtu Financial LLC now owns 54,665 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 33,545 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Jumei International by 287.0% in the third quarter. Dimensional Fund Advisors LP now owns 245,981 shares of the specialty retailer’s stock valued at $525,000 after acquiring an additional 182,421 shares during the last quarter. 5.52% of the stock is owned by institutional investors.
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Jumei International Holding Limited operates as an online retailer of beauty products in the People's Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children. It also provides apparel and other lifestyle products, including women's wear, footwear, lingerie, handbags and luggage, men's wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, as well as baby, children, and maternity products; and snacks, cereals, and health supplements.
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