Aurora Mobile (NASDAQ:JG) Stock Price Up 4.3% - Here's What Happened

Key Points

• Aurora Mobile's shares experienced a notable increase of 4.3% on Wednesday, trading as high as $10.15 before closing at $10.01.
• The stock was recently upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive sentiment among analysts.
• Institutional investors, including Citadel Advisors LLC, have shown increased interest, with Citadel acquiring 10,449 shares valued at approximately $75,000.

Aurora Mobile Limited Sponsored ADR (NASDAQ:JG - Get Free Report)'s share price rose 4.3% during mid-day trading on Wednesday . The stock traded as high as $10.15 and last traded at $10.01. Approximately 24,850 shares traded hands during mid-day trading, an increase of 285% from the average daily volume of 6,459 shares. The stock had previously closed at $9.60.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Aurora Mobile from a "hold" rating to a "buy" rating in a report on Friday, May 30th.

Aurora Mobile Stock Down 1.8%

The firm has a market cap of $59.13 million, a P/E ratio of -61.59 and a beta of 1.47. The firm's fifty day moving average is $10.25 and its two-hundred day moving average is $9.97.

Institutional Trading of Aurora Mobile

A hedge fund recently bought a new stake in Aurora Mobile stock. Citadel Advisors LLC bought a new stake in shares of Aurora Mobile Limited Sponsored ADR (NASDAQ:JG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,449 shares of the company's stock, valued at approximately $75,000. Citadel Advisors LLC owned approximately 0.18% of Aurora Mobile at the end of the most recent quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

About Aurora Mobile

Aurora Mobile Limited, through its subsidiaries, provides a range of developer services in China. The company provides push notification, instant messaging, analytics, sharing and short message service, one-click verification, and other services. The company offers real-time market intelligence solutions, such as product iApp, which provides analysis and statistical results on the usage and trends of mobile apps to investment funds and corporations.