Shares of Baozun Inc. (NASDAQ:BZUN – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.06 and traded as low as $2.33. Baozun shares last traded at $2.44, with a volume of 632,468 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Baozun from a “hold” rating to a “buy” rating in a research note on Friday, March 21st.
Check Out Our Latest Report on BZUN
Baozun Trading Down 7.6 %
Hedge Funds Weigh In On Baozun
Institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Baozun during the 3rd quarter valued at about $353,000. Walleye Capital LLC grew its holdings in Baozun by 203.4% in the third quarter. Walleye Capital LLC now owns 150,441 shares of the technology company’s stock valued at $539,000 after purchasing an additional 100,852 shares during the period. Quadrature Capital Ltd acquired a new stake in Baozun in the third quarter valued at approximately $148,000. State Street Corp purchased a new stake in shares of Baozun in the third quarter valued at approximately $170,000. Finally, Wolverine Trading LLC raised its stake in shares of Baozun by 42.5% during the 3rd quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after buying an additional 4,545 shares during the period. 47.29% of the stock is owned by hedge funds and other institutional investors.
About Baozun
Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.
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