ATRenew Inc. (NYSE:RERE - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $3.44, but opened at $3.35. ATRenew shares last traded at $3.36, with a volume of 938,873 shares traded.
ATRenew Stock Down 4.4 %
The company's fifty day moving average is $2.64 and its 200 day moving average is $2.50. The firm has a market cap of $802.33 million, a price-to-earnings ratio of -65.79, a PEG ratio of 0.70 and a beta of -0.13.
Institutional Trading of ATRenew
A number of hedge funds have recently modified their holdings of RERE. Walleye Capital LLC acquired a new position in shares of ATRenew during the 3rd quarter valued at $32,000. PFG Investments LLC purchased a new stake in ATRenew in the third quarter worth $95,000. Cubist Systematic Strategies LLC lifted its position in ATRenew by 30.3% during the second quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company's stock valued at $112,000 after buying an additional 11,011 shares during the period. Virtu Financial LLC bought a new stake in ATRenew in the 1st quarter worth about $134,000. Finally, WT Asset Management Ltd bought a new stake in shares of ATRenew during the 3rd quarter valued at about $159,000. Institutional investors and hedge funds 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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