CNinsure Surges 9.2% (CISG)

Shares of Guangzhou, China-based insurance broker and claims adjuster CNinsure Inc. CISG are currently up 9.2% at $18.00 per share during Friday afternoon trading. The stock opened at $15.99 per share, which was well below the previous day's closing price of $16.48. However, the stock price surged during the first hour of trading and has climbed steadily ever since. Today's trading range for shares of CNinsure Inc has been between $15.89 and $18.10 per share. The consensus price target of analysts covering the company's stock is $28.77 per share. Volume of 1.4 million shares is already well above the daily average volume of 925,000 shares. Read more from Benzinga's Company news.