ATRenew Inc. (NYSE:RERE - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 319,769 shares changed hands during mid-day trading, a decline of 39% from the previous session's volume of 524,424 shares.The stock last traded at $2.49 and had previously closed at $2.62.
ATRenew Stock Performance
The stock has a market cap of $599.93 million, a price-to-earnings ratio of -49.19, a PEG ratio of 0.60 and a beta of 0.11. The company has a 50-day moving average of $2.85 and a 200-day moving average of $2.62.
Institutional Investors Weigh In On ATRenew
Institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC raised its position in shares of ATRenew by 30.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company's stock worth $112,000 after purchasing an additional 11,011 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of ATRenew during the 3rd quarter worth approximately $32,000. Quadrature Capital Ltd raised its position in shares of ATRenew by 67.8% during the 3rd quarter. Quadrature Capital Ltd now owns 70,729 shares of the company's stock worth $197,000 after purchasing an additional 28,569 shares during the last quarter. PFG Investments LLC acquired a new position in shares of ATRenew during the 3rd quarter worth approximately $95,000. Finally, WT Asset Management Ltd acquired a new position in shares of ATRenew during the 3rd quarter worth approximately $159,000. Hedge funds and other institutional investors own 19.29% of the company's stock.
ATRenew Company Profile
(
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ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.
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