BidaskClub cut shares of Tuniu Corporation (NASDAQ:TOUR) from a sell rating to a strong sell rating in a report released on Tuesday morning.

Shares of Tuniu Corporation (NASDAQ:TOUR) traded up 0.76% on Tuesday, hitting $7.92. 189,756 shares of the stock were exchanged. The stock’s market cap is $739.23 million. The stock’s 50-day moving average is $8.05 and its 200-day moving average is $8.40. Tuniu Corporation has a 1-year low of $7.69 and a 1-year high of $10.75.

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Several hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can increased its stake in shares of Tuniu Corporation by 317.6% in the second quarter. Bank of Montreal Can now owns 55,978 shares of the technology company’s stock valued at $450,000 after buying an additional 42,573 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Tuniu Corporation during the first quarter valued at approximately $741,000. Morgan Stanley increased its stake in shares of Tuniu Corporation by 57.3% in the first quarter. Morgan Stanley now owns 1,650,469 shares of the technology company’s stock valued at $14,458,000 after buying an additional 601,046 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Tuniu Corporation by 1.5% in the first quarter. Pinnacle Associates Ltd. now owns 24,900 shares of the technology company’s stock valued at $218,000 after buying an additional 358 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Tuniu Corporation during the first quarter valued at approximately $117,000.

Tuniu Corporation 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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