Large Inflow of Money Witnessed in Qunar Cayman Islands Limited

Qunar Cayman Islands Limited (NASDAQ:QUNR) : Investors lapped up stocks on upticks to the tune of $2.7 million in the Wednesdays trading session. The trading value on downticks was comparatively at $2.07 million and the uptick to downtick ratio of 1.3 indicates continuous buying by the bulls. The net money flow into the stock was $0.62 million. Upticks saw transactions worth $0.01 clearly indicating buying by large investors. The total money flow for block trades stood at $0.01 million, which is a positive for the stock in the long-term. Qunar Cayman Islands Limited (NASDAQ:QUNR) fell $0.2 during the day at $29.54, a drop of -0.67% over the previous days close. However, for the week, the stock is -2.09%, compared to the previous week.


Institutional Investors own 5.12% of Qunar Cayman Islands Limited shares.

The company shares have dropped -29.22% from its 1 Year high price. On Dec 30, 2015, the shares registered one year high at $55.93 and the one year low was seen on Jun 22, 2016. The 50-Day Moving Average price is $31.58 and the 200 Day Moving Average price is recorded at $38.68. Qunar Cayman Islands Limited (NASDAQ:QUNR): The stock opened at $29.95 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.10 for the day. The stock traded down to $29.44 during the day, due to lack of any buying support eventually closed down at $29.54 with a loss of -0.67% for the day. The stock had closed at $29.74 on the previous day. The total traded volume was 428,285 shares.

Qunar Cayman Islands Limited (Qunar) is engaged in offering mobile and online commerce platform for travel in China. The Company offers a range of travel products, including flights, hotels, vacations packages, attraction tickets and other travel related offerings. The Company has developed Qunar Travel, its mobile application, which enables its users to search for and purchase travel products. The Companys Software as a service (SaaS) system provides an online presence for over 240,000 travel service providers. Its search engine provides real-time travel products information directly sourced from travel service providers and through its SaaS platform. The Companys main lines of business include flight tickets, hotels, vacation packages and attraction tickets. The Company also offers display advertising, train tickets, car services, smart lodging and other services.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.