Tuanche (NYSE:TC) Trading Up 1.8%
Tuanche (NYSE:TC) was up 1.8% during mid-day trading on Wednesday . The stock traded as high as $2.80 and last traded at $2.79, approximately 2,434 shares were traded during mid-day trading. A decline of 96% from the average daily volume of 60,504 shares. The stock had previously closed at $2.74.
Separately, Maxim Group set a $13.00 price target on shares of Tuanche and gave the stock a “buy” rating in a research report on Friday, August 16th.
The company has a fifty day moving average of $3.64 and a 200-day moving average of $5.12.
A hedge fund recently bought a new stake in Tuanche stock. Jane Street Group LLC bought a new position in shares of Tuanche (NYSE:TC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 44,464 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned about 0.06% of Tuanche as of its most recent SEC filing.
About Tuanche (NYSE:TC)
TuanChe Limited operates as an omni-channel automotive marketplace in China. It organizes auto shows and group events that attract various consumers, as well as provides integrated marketing solutions to its industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers and enable interactions between participants on both sides of a potential transaction, creating a many-to-many environment.
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