PUYI INC/ADR (NASDAQ:PUYI) Trading 13.7% Higher

PUYI INC/ADR (NASDAQ:PUYI) shares traded up 13.7% during mid-day trading on Wednesday . The stock traded as high as $8.72 and last traded at $8.54, 374,924 shares changed hands during trading. An increase of 79% from the average session volume of 209,680 shares. The stock had previously closed at $7.51.

The firm has a fifty day moving average of $7.93.


Puyi Inc provides third-party wealth management services in China. It focuses on mass affluent and emerging middle class population. The company offers wealth management services, corporate finance services, and asset management services. Puyi Inc was founded in 2010 and is headquartered in Guangzhou, China.

Further Reading: Why does a company issue an IPO?

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