TuanChe Ltd
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Communication Services : Media |
Based in China
Company profile

TuanChe Limited is a China-based company principally operates an omni-channel automotive marketplace. The Company mainly provides integrated marketing solutions and virtual dealership services. Its integrated marketing solutions include transaction-facilitating auto shows. The Company mainly conducts its businesses through two segments: Auto Shows and Group-purchase Facilitation segments. Its auto shows involves four phases: annual planning, event request initiation, event planning and event execution. Its services in virtual dealership includes distribution channel expansion services for automakers and sourcing services for secondary dealers. Its online platform consists of its Website tuanche.com, its official WeChat account, its WeChat mini-program and its mobile applications.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

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Closing Price
$0.9497
Day's Change
0.0127 (1.36%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.18
Day's Low
0.86
Volume
(Heavy Day)
Volume:
556,904

10-day average volume:
57,365
556,904

Airline stocks drop as 'near worst case' playing out, analyst says; American Airlines downgraded

8:28 am ET April 1, 2020 (MarketWatch)
Print

Airline stocks were taking a dive in premarket trading Wednesday, as part of a broad stock market selloff in the wake of the White House's grim warning (http://www.marketwatch.com/story/stock-index-futures-fall-as-trump-issues-grim-warning-on-coronavirus-pandemic-2020-04-01) on the coronavirus pandemic. Analyst Joseph DeNardi at Stifel Nicolaus said the "near worst-case scenario" is playing out for airlines, with more stringent travel restrictions and quarantines being implemented are resulting in further demand weakness, and with concerns that COVID-19 will re-emerger later in the year. DeNardi expects airlines to suspend flying for a period this summer. He downgraded American Airlines Group Inc. (AAL), JetBlue Airways Corp. (JBLU) and Mesa Air Group Inc. (MESA) to hold from buy, while upgrading Hawaiian Airlines parent Hawaiian Holdings Inc. (HA) to hold from sell on valuation. Among the more-active airlines ahead of the open, shares of American sank 5.4%, JetBlue dropped 6.2%, Delta Air Lines Inc. (DAL) shed 5.2% and Southwest Airlines Co. (LUV) lost 5.4%. The U.S. Global Jets ETF (JETS) declined 6.0% ahead of the open, while futures for the Dow Jones Industrial Average slid 847 points, or 3.8%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 01, 2020 08:28 ET (12:28 GMT)

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