ATRenew Inc. (NYSE:RERE - Get Free Report)'s share price rose 1.8% on Friday . The stock traded as high as $2.87 and last traded at $2.86. Approximately 163,656 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,063,802 shares. The stock had previously closed at $2.81.
ATRenew Trading Up 8.2 %
The stock has a 50 day simple moving average of $2.80 and a 200-day simple moving average of $2.58. The firm has a market cap of $741.37 million, a PE ratio of -60.79, a price-to-earnings-growth ratio of 0.60 and a beta of 0.07.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RERE. Acadian Asset Management LLC bought a new position in shares of ATRenew during the 2nd quarter valued at about $3,328,000. Harvest Fund Management Co. Ltd boosted its stake in ATRenew by 162.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company's stock valued at $2,906,000 after buying an additional 649,214 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd bought a new position in ATRenew during the second quarter valued at approximately $1,396,000. Harber Asset Management LLC grew its holdings in ATRenew by 14.6% during the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company's stock valued at $3,043,000 after buying an additional 139,842 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in ATRenew by 231.8% in the 2nd quarter. Marshall Wace LLP now owns 192,036 shares of the company's stock worth $455,000 after acquiring an additional 134,151 shares during the last quarter. 19.29% of the stock is currently owned by institutional investors.
ATRenew Company Profile
(
Get Free Report)
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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