Baozun Inc. (BZUN) Reaches $46.97 After 6.00% Down Move; CRONOS GROUP ORDINARY SHARES (PRMCF) Shorts Down By 13.39%

March 13, 2018 - By Darrin Black

The stock of Baozun Inc. (NASDAQ:BZUN) is a huge mover today! The stock decreased 2.11% or $1.01 during the last trading session, reaching $46.97. About 1.55 million shares traded. Baozun Inc. (NASDAQ:BZUN) has risen 289.41% since March 13, 2017 and is uptrending. It has outperformed by 272.71% the S&P500.The move comes after 8 months negative chart setup for the $2.60B company. It was reported on Mar, 13 by We have $44.15 PT which if reached, will make NASDAQ:BZUN worth $156.06M less.

CRONOS GROUP INC ORDINARY SHARES (OTCMKTS:PRMCF) had a decrease of 13.39% in short interest. PRMCF’s SI was 1.52 million shares in March as released by FINRA. Its down 13.39% from 1.75 million shares previously. With 1.61 million avg volume, 1 days are for CRONOS GROUP INC ORDINARY SHARES (OTCMKTS:PRMCF)’s short sellers to cover PRMCF’s short positions. The SI to CRONOS GROUP INC ORDINARY SHARES’s float is 1.37%. It closed at $7.7602 lastly. It is down 0.00% since March 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 3 analysts covering Baozun (NASDAQ:BZUN), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Baozun had 6 analyst reports since August 28, 2015 according to SRatingsIntel. Deutsche Bank downgraded Baozun Inc. (NASDAQ:BZUN) on Wednesday, August 23 to “Hold” rating. Bank of America maintained it with “Buy” rating and $36 target in Friday, July 21 report. The stock has “Buy” rating by Bank of America on Monday, September 11. The rating was maintained by Bank of America with “Buy” on Tuesday, January 30. The firm earned “Hold” rating on Friday, August 28 by Zacks. On Thursday, September 17 the stock rating was downgraded by Zacks to “Sell”.

Baozun Inc. provides e-commerce solutions for brand partners in the PeopleÂ’s Republic of China. The company has market cap of $2.60 billion. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, visual merchandizing and marketing campaigns, store operations, customer services, warehousing, and order fulfillment. It has a 83.43 P/E ratio. The firm also operates Maikefeng mobile application that offers various branded products.

Cronos Group, formerly known as PharmaCan Capital Corp., is a principal investment firm. The company has market cap of $1.24 billion. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to CanadaÂ’s Marihuana for Medical Purposes Regulations . It has a 970.02 P/E ratio. The firm typically invests in companies based in Canada.

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