Jumei International Holding Ltd (NYSE:JMEI) shares rose 6.3% during mid-day trading on Wednesday . The stock traded as high as $2.05 and last traded at $2.04. Approximately 534,517 shares changed hands during trading, an increase of 20% from the average daily volume of 443,986 shares. The stock had previously closed at $1.92.
Separately, ValuEngine raised shares of Jumei International from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
A hedge fund recently raised its stake in Jumei International stock. BlackRock Inc. raised its stake in Jumei International Holding Ltd (NYSE:JMEI) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,628,740 shares of the specialty retailer’s stock after buying an additional 98,743 shares during the period. BlackRock Inc. owned approximately 1.09% of Jumei International worth $3,468,000 at the end of the most recent reporting period. 5.73% of the stock is currently owned by institutional investors.
About Jumei International (NYSE:JMEI)
Jumei International Holding Limited operates as an online retailer of beauty products in the People's Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children. It also provides apparel and other lifestyle products, including women's wear, footwear, lingerie, handbags and luggage, men's wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, as well as baby, children, and maternity products; and snacks, cereals, and health supplements.
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