China Opens, Tuniu (TOUR) Stock Jumps

Covid-19 restrictions are just being removed by China’s authorities. Tourists now may flock in and discover unseen places in open China. For sure, travel companies are again getting new opportunities to flourish. One of China’s online leisure travel companies Tuniu (TOUR) is soaring 50% on 77 million shares.

Soon, Tuniu may show off its increasing EPS and revenue thus dividend payouts will likely start off. Since January 2022 the stock has been plunging with small rebounds and positive quarter earnings were not appearing obviously.

Fortunately, TOUR could stay listed on Nasdaq although providing millions in losses. Today it is trading at $0.7875 by fastly heading to the $1 mark.

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