ATRenew (NYSE:RERE) Shares Down 4% - Time to Sell?

ATRenew Inc. (NYSE:RERE - Get Free Report) shares dropped 4% during trading on Thursday . The company traded as low as $3.19 and last traded at $3.23. Approximately 391,132 shares were traded during trading, a decline of 65% from the average daily volume of 1,108,973 shares. The stock had previously closed at $3.36.

ATRenew Price Performance

The company has a market cap of $756.00 million, a PE ratio of -61.99, a P/E/G ratio of 0.41 and a beta of 0.08. The company has a 50-day moving average price of $2.95 and a two-hundred day moving average price of $2.79.

Institutional Trading of ATRenew

Several large investors have recently bought and sold shares of RERE. NewEdge Advisors LLC purchased a new position in shares of ATRenew in the fourth quarter valued at $29,000. Walleye Capital LLC purchased a new position in ATRenew in the 3rd quarter valued at about $32,000. QRG Capital Management Inc. purchased a new position in ATRenew in the 4th quarter valued at about $48,000. Squarepoint Ops LLC acquired a new stake in shares of ATRenew during the fourth quarter valued at about $50,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of ATRenew during the fourth quarter worth about $82,000. Institutional investors and hedge funds own 19.29% of the company's stock.

ATRenew Company Profile

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.