Tuniu (NASDAQ:TOUR) Insider Anqiang Chen Acquires 16,800 Shares of Stock

Tuniu Corporation (NASDAQ:TOUR) insider Anqiang Chen bought 16,800 shares of the stock in a transaction on Friday, March 20th. The stock was purchased at an average price of $0.73 per share, for a total transaction of $12,264.00. Following the completion of the purchase, the insider directly owned 49,900 shares in the company, valued at approximately $36,427. This represents a 50.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Anqiang Chen also recently made the following trade(s):

• On Monday, March 23rd, Anqiang Chen acquired 2,800 shares of Tuniu stock. The shares were acquired at an average cost of $0.72 per share, with a total value of $2,016.00.

Tuniu Trading Up 4.2%

Shares of TOUR opened at $0.72 on Wednesday. Tuniu Corporation has a 12-month low of $0.56 and a 12-month high of $1.12. The company has a market cap of $83.81 million, a PE ratio of 14.32 and a beta of 0.45. The stock has a 50-day moving average price of $0.67 and a 200-day moving average price of $0.76.

Tuniu’s stock is set to reverse split on 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 market closes on Tuesday, April 21st.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tuniu in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Tuniu presently has a consensus rating of “Sell”.

Institutional Trading of Tuniu

An institutional investor recently bought a new position in Tuniu stock. Jane Street Group LLC bought a new stake in Tuniu Corporation (NASDAQ:TOUR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 50,564 shares of the technology company’s stock, valued at approximately $31,000.

Tuniu Company Profile

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.