Qunar Rides China Travel Tail Wind: Pacific Crest

By | November 26, 2013

Scalper1 News

Qunar Cayman Islands (QUNR) stock was up 4% in midday trading in the stock market today, after Pacific Crest Securities initiated coverage on the Chinese metasearch travel website with an outperform rating and a price target of 34. Qunar stock was trading near 25.75 midday Tuesday. The company made its U.S. IPO on Nov. 1, pricing shares at $15 and hitting its all-time high in its first day on the market, at 34.99. Pacific Crest analysts Cheng Scalper1 News

Scalper1 News