Tuniu (TOUR) Sees Strong Trading Volume

Shares of Tuniu Corp (NASDAQ:TOUR) saw an uptick in trading volume on Friday . 851,224 shares were traded during mid-day trading, an increase of 226% from the previous session’s volume of 260,858 shares.The stock last traded at $8.54 and had previously closed at $7.61.

A number of brokerages recently commented on TOUR. BidaskClub downgraded shares of Tuniu from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Credit Suisse Group began coverage on shares of Tuniu in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $11.00 price objective for the company.

The firm has a market capitalization of $1,080.00, a P/E ratio of -4.15 and a beta of 1.45.

Tuniu declared that its Board of Directors has approved a share repurchase program on Friday, January 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

A number of large investors have recently modified their holdings of TOUR. Stevens Capital Management LP raised its stake in Tuniu by 1.3% in the second quarter. Stevens Capital Management LP now owns 14,559 shares of the technology company’s stock worth $117,000 after buying an additional 183 shares in the last quarter. Nine Chapters Capital Management LLC bought a new position in Tuniu in the third quarter worth approximately $129,000. Profund Advisors LLC raised its stake in Tuniu by 40.7% in the second quarter. Profund Advisors LLC now owns 16,748 shares of the technology company’s stock worth $134,000 after buying an additional 4,848 shares in the last quarter. PEAK6 Investments L.P. bought a new position in Tuniu in the third quarter worth approximately $156,000. Finally, Susquehanna International Group LLP grew its holdings in Tuniu by 205.4% in the third quarter. Susquehanna International Group LLP now owns 29,934 shares of the technology company’s stock worth $234,000 after purchasing an additional 58,334 shares during the last quarter.

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Tuniu Company Profile

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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