Tuniu (NASDAQ:TOUR) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Tuniu Corporation's share price has crossed above its 50-day moving average of $0.85, indicating a potential upward trend in its stock performance.
• The stock has recently gained 7.9% and is currently trading at $0.83 with a market cap of approximately $97.63 million.
• A number of institutional investors, including Millennium Management LLC and XTX Topco Ltd, have significantly increased their stakes in Tuniu, highlighting growing investor interest.

Tuniu Corporation (NASDAQ:TOUR - )'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.85 and traded as high as $0.85. Tuniu shares last traded at $0.83, with a volume of 332,186 shares traded.

Tuniu Stock Up 7.9%

The stock has a market cap of $97.63 million, a PE ratio of 10.43 and a beta of 1.66. The stock has a 50-day moving average of $0.85 and a 200 day moving average of $0.93.

Hedge Funds Weigh In On Tuniu

A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in shares of Tuniu by 93.9% in the 4th quarter. Millennium Management LLC now owns 34,864 shares of the technology company's stock valued at $36,000 after buying an additional 16,882 shares during the period. XTX Topco Ltd grew its stake in shares of Tuniu by 158.6% in the 4th quarter. XTX Topco Ltd now owns 74,965 shares of the technology company's stock valued at $77,000 after buying an additional 45,979 shares during the period. Acadian Asset Management LLC grew its stake in shares of Tuniu by 123.6% in the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company's stock valued at $112,000 after buying an additional 57,358 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Tuniu in the 4th quarter valued at approximately $109,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Tuniu in the 4th quarter valued at approximately $111,000.

Tuniu Company Profile

Tuniu Corporation operates as an online leisure travel company in China. The company offers various packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.

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