DELETED: Tuniu Has Regained Compliance with Nasdaq';s Minimum Bid Price Requirement

Rhea-AI Summary

Tuniu, trading under the stock symbol 'TOUR', has announced that it has regained compliance with Nasdaq's minimum bid price requirement. The company faced a potential delisting risk due to its stock price falling below $1.00 for 30 consecutive business days. However, Tuniu has now met the necessary criteria, which includes maintaining a minimum closing bid price of $1.00 for at least 10 consecutive business days. This event is a significant milestone for Tuniu, as it ensures continued trading on the Nasdaq Global Market and reflects positively on the company's recent efforts to stabilize its stock performance.

Positive

• Tuniu's stock has regained compliance with Nasdaq's minimum bid price requirement, ensuring continued listing on the Nasdaq Global Market.
• The company successfully maintained a minimum closing bid price of $1.00 for at least 10 consecutive business days.
• This development reflects positively on Tuniu's recent efforts to stabilize its stock performance.

Negative

• Tuniu's stock was at risk of delisting due to falling below $1.00 for 30 consecutive business days, indicating previous instability in stock performance.
• The need to regain compliance suggests potential underlying issues in maintaining stock price stability.

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FAQ

What recent milestone did Tuniu (TOUR) achieve?

Tuniu has regained compliance with Nasdaq's minimum bid price requirement.

What is Tuniu's stock symbol?

Tuniu's stock symbol is TOUR.

Why was Tuniu at risk of delisting?

Tuniu was at risk of delisting because its stock price fell below $1.00 for 30 consecutive business days.

What criteria did Tuniu meet to regain compliance?

Tuniu maintained a minimum closing bid price of $1.00 for at least 10 consecutive business days.

How does regaining compliance affect Tuniu (TOUR)?

Regaining compliance ensures Tuniu's continued trading on the Nasdaq Global Market and reflects positively on its stock performance.