Media headlines about China Fund (NYSE:CHN) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. China Fund earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 45.1013730340742 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
China Fund (NYSE:CHN) opened at $22.28 on Wednesday. The stock has a market cap of $349.04, a price-to-earnings ratio of 4.46 and a beta of 1.03. China Fund has a 12 month low of $15.96 and a 12 month high of $24.76.
In related news, major shareholder City Of London Investment Grou bought 2,152 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $21.46 per share, for a total transaction of $46,181.92. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired a total of 107,728 shares of company stock worth $2,368,556 over the last 90 days.
China Fund Company Profile
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.