Gridsum (GSUM) Shares Down 6.3%

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.

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Gridsum Company Profile (NASDAQ:GSUM)

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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