Key Points
- Anqiang Chen bought 16,800 shares on March 20 at $0.73 ($12,264) and a further 2,800 shares on March 23 at $0.72 ($2,016), increasing his direct stake to 49,900 shares (about $36,427) — a 50.76% position increase.
- Tuniu will undergo a 1-for-10 reverse stock split effective the morning of April 22, with share counts adjusted after the close on April 21.
- Market context is mixed: Weiss Ratings reiterated a "Sell" on the stock and MarketBeat's consensus is "Sell," while Acadian Asset Management boosted its stake 123.6% to 103,781 shares (roughly $112,000).
Tuniu Corporation (NASDAQ:TOUR - Get Free Report) insider Anqiang Chen acquired 16,800 shares of the stock in a transaction on Friday, March 20th. The stock was bought at an average price of $0.73 per share, with a total value of $12,264.00. Following the transaction, the insider directly owned 49,900 shares of the company's stock, valued at approximately $36,427. The trade was a 50.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Anqiang Chen also recently made the following trade(s):
- On Monday, March 23rd, Anqiang Chen purchased 2,800 shares of Tuniu stock. The shares were purchased at an average cost of $0.72 per share, with a total value of $2,016.00.
Tuniu Trading Up 4.2%
TOUR stock opened at $0.72 on Wednesday. The firm's 50-day moving average price is $0.67 and its two-hundred day moving average price is $0.76. Tuniu Corporation has a 12-month low of $0.56 and a 12-month high of $1.12. The stock has a market capitalization of $83.81 million, a price-to-earnings ratio of 14.32 and a beta of 0.45.
Shares of Tuniu are scheduled to reverse split on the morning of Wednesday, April 22nd. The 1-10 reverse split was announced on Friday, March 20th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 21st.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Tuniu in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".
Check Out Our Latest Stock Report on Tuniu
Hedge Funds Weigh In On Tuniu
A hedge fund recently raised its stake in Tuniu stock. Acadian Asset Management LLC boosted its stake in Tuniu Corporation (NASDAQ:TOUR - Free Report) by 123.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,781 shares of the technology company's stock after buying an additional 57,358 shares during the period. Acadian Asset Management LLC owned 0.09% of Tuniu worth $112,000 at the end of the most recent reporting period.
About Tuniu
(
Get Free Report)
Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.
The company's flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.
Further Reading
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