Gridsum Holding Inc – (NASDAQ:GSUM) shares traded down 6.3% during trading on Thursday . The stock traded as low as $1.29 and last traded at $1.50. 1,895,354 shares traded hands during trading, an increase of 269% from the average session volume of 514,265 shares. The stock had previously closed at $1.60.
Separately, ValuEngine raised Gridsum from a “hold” rating to a “buy” rating in a research report on Saturday, November 10th.
An institutional investor recently bought a new position in Gridsum stock. Citadel Advisors LLC purchased a new position in shares of Gridsum Holding Inc – (NASDAQ:GSUM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,814 shares of the technology company’s stock, valued at approximately $110,000. Citadel Advisors LLC owned 0.06% of Gridsum as of its most recent SEC filing. 31.35% of the stock is owned by hedge funds and other institutional investors.
Gridsum Holding Inc provides data analysis software for enterprises and government agencies in China. Its proprietary distributed data architecture allows its customers to collect and analyze information; and Gridsum Big Data platform performs multi-dimensional correlation analysis and analyzes complex real-time events.
See Also: Earnings Per Share
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