Shares of Jumei International Holding Ltd (NYSE:JMEI) saw an uptick in trading volume on Tuesday . 69,234 shares changed hands during trading, a decline of 88% from the previous session’s volume of 592,929 shares.The stock last traded at $2.50 and had previously closed at $2.30.
Large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of Jumei International during the first quarter worth about $28,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Jumei International during the first quarter worth about $34,000. Two Sigma Securities LLC grew its holdings in shares of Jumei International by 23.8% during the fourth quarter. Two Sigma Securities LLC now owns 20,607 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 3,968 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Jumei International during the fourth quarter worth about $70,000. Finally, Virtu Financial LLC grew its holdings in shares of Jumei International by 158.8% during the fourth quarter. Virtu Financial LLC now owns 54,665 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 33,545 shares during the last quarter. Institutional investors own 6.74% of the company’s stock.
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Jumei International Holding Limited operates as an online retailer of beauty products in the People's Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children. It also provides apparel and other lifestyle products, including women's wear, footwear, lingerie, handbags and luggage, men's wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, as well as baby, children, and maternity products; and snacks, cereals, and health supplements.
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