Large Inflow of Money Witnessed in Qunar Cayman Islands Limited

Qunar Cayman Islands Limited (QUNR) : Qunar Cayman Islands Limited (QUNR) had a healthy money flow of $0.54 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $0.94 million, whereas, investors only sold shares worth $0.39 million on downticks. The stock closed the day with an up-down ratio of 2.38.The money flow in the block trades to the tune of $0 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0 million worth of transactions were on upticks. Qunar Cayman Islands Limited (QUNR) stock slid $0.11 intraday and traded at 29.45, a change of -0.37% over previous days close. However, for the week, the company shares are -1.04% compared to previous weeks close.


Qunar Cayman Islands Limited (QUNR) stock is expected to deviate a maximum of $8.49 from the average target price of $39 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $45 and the most muted being $33. The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 10.75%.

Qunar Cayman Islands Limited (NASDAQ:QUNR): The stock opened at $29.48 on Thursday but the bulls could not build on the opening and the stock topped out at $29.58 for the day. The stock traded down to $29.36 during the day, due to lack of any buying support eventually closed down at $29.50 with a loss of -0.20% for the day. The stock had closed at $29.56 on the previous day. The total traded volume was 240,022 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.

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