Tian Ruixiang (NASDAQ:TIRX) Trading Up 65%

Tian Ruixiang Holdings Ltd (NASDAQ:TIRX)’s stock price was up 65% on Thursday . The company traded as high as $1.48 and last traded at $0.80. Approximately 58,665,928 shares were traded during mid-day trading, an increase of 5,025% from the average daily volume of 1,144,736 shares. The stock had previously closed at $0.48.

Tian Ruixiang Stock Up 65.0 %

The stock’s 50 day moving average price is $0.54 and its two-hundred day moving average price is $0.66.

Institutional Trading of Tian Ruixiang

A hedge fund recently raised its stake in Tian Ruixiang stock. Renaissance Technologies LLC lifted its holdings in Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) by 44.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,500 shares of the company’s stock after acquiring an additional 21,500 shares during the quarter. Renaissance Technologies LLC owned 0.61% of Tian Ruixiang worth $72,000 as of its most recent SEC filing. 10.66% of the stock is currently owned by institutional investors.

About Tian Ruixiang

Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States. It distributes a range of insurance products, including property and casualty insurance, such as automobile, commercial property, liability, and accidental insurance; and life insurance comprising individual and group life insurances, as well as health and miscellaneous insurance.