Tuniu Sees Unusually High Options Volume (TOUR)

Tuniu Corporation (NASDAQ:TOUR) saw some unusual options trading on Friday. Traders acquired 849 call options on the company. This is an increase of approximately 345% compared to the typical daily volume of 191 call options.

A number of institutional investors have recently modified their holdings of the stock. Yiheng Capital LLC raised its stake in Tuniu by 70.9% during the 3rd quarter. Yiheng Capital LLC now owns 2,013,774 shares of the technology company’s stock worth $15,748,000 after buying an additional 835,409 shares during the period. Hermes Investment Management Ltd. acquired a new stake in Tuniu during the 3rd quarter worth $4,340,000. Laurion Capital Management LP acquired a new stake in Tuniu during the 2nd quarter worth $2,023,000. State Street Corp raised its stake in Tuniu by 1.9% during the 2nd quarter. State Street Corp now owns 123,549 shares of the technology company’s stock worth $993,000 after buying an additional 2,306 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Tuniu by 103.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 111,919 shares of the technology company’s stock worth $875,000 after buying an additional 56,907 shares during the period.

A number of research analysts have recently weighed in on TOUR shares. BidaskClub raised Tuniu from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Credit Suisse Group started coverage on Tuniu in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $11.00 price target on the stock.

Shares of Tuniu (NASDAQ TOUR) opened at $8.78 on Monday. Tuniu has a 12 month low of $6.69 and a 12 month high of $9.88.

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Tuniu Company Profile

Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.

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