Phoenix Tree (NYSE:DNK) Shares Gap Up to $2.35
Phoenix Tree Holdings Limited (NYSE:DNK) gapped up prior to trading on Tuesday . The stock had previously closed at $2.35, but opened at $2.44. Phoenix Tree shares last traded at $2.37, with a volume of 555 shares changing hands.
The firm has a fifty day simple moving average of $2.45 and a 200-day simple moving average of $2.87.
A number of institutional investors have recently made changes to their positions in DNK. Infini Master Fund acquired a new stake in Phoenix Tree during the 4th quarter valued at $260,000. Credit Suisse AG acquired a new stake in Phoenix Tree during the 4th quarter valued at $61,000. Penserra Capital Management LLC acquired a new stake in Phoenix Tree during the 4th quarter valued at $562,000. Finally, Paloma Partners Management Co acquired a new stake in Phoenix Tree during the 4th quarter valued at $69,000. 11.95% of the stock is owned by institutional investors and hedge funds.
Phoenix Tree Holdings Limited, through its subsidiaries, leases apartments from property owners and rents them to residents and corporate clients in the People's Republic of China. It designs, renovates, and furnishes apartments; and provides WiFi, 24/7 resident support, and common area maintenance and utilities to the residents, as well as repair and maintenance for private rooms.
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