News articles about China Fund (NYSE:CHN) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. China Fund earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 44.4209209512845 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
China Fund stock traded down $0.32 during trading hours on Monday, hitting $21.68. The stock had a trading volume of 22,587 shares, compared to its average volume of 28,096. China Fund has a fifty-two week low of $17.02 and a fifty-two week high of $24.76.
In other news, major shareholder City Of London Investment Grou purchased 6,502 shares of the business’s stock in a transaction on Monday, March 12th. The stock was purchased at an average price of $22.78 per share, with a total value of $148,115.56. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders acquired 114,246 shares of company stock valued at $2,562,747.
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About China Fund
The China Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of companies for which the principal securities trading market is the People’s Republic of China (China); of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive over 50% of their revenues from goods and services sold or produced, or have approximately 50% of their assets, in China, and constituting direct equity investments in companies organized in China.
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