Why Tuniu Corporation Stock Is Surging for a Second Day

Rich Smith, The Motley Fool
·2-min read
Why Tuniu Corporation Stock Is Surging for a Second Day

After spiking 21.4% on Tuesday, shares of the Chinese online travel agent and purveyor of tour packages ran up another 34.5% through 11:15 a.m. EST Wednesday, adding nearly one full dollar to the share price -- and on precious little news. In fact, about the only thing I can see that might explain investors' sudden enthusiasm for Tuniu stock is a brief announcement on the company's investor relations page yesterday, to the effect that Tuniu "plans to release its unaudited financial results for the third quarter ended September 30, 2020, before the market opens on December 1, 2020." Just an announcement that there will be earnings news a week from now.