ATRenew Inc. (NYSE:RERE - Get Free Report)'s share price fell 4.9% on Monday . The company traded as low as $2.86 and last traded at $2.89. 743,202 shares traded hands during trading, a decline of 30% from the average session volume of 1,069,059 shares. The stock had previously closed at $3.04.
ATRenew Stock Performance
The company's 50 day simple moving average is $2.80 and its 200-day simple moving average is $2.58. The firm has a market capitalization of $704.79 million, a PE ratio of -57.79, a PEG ratio of 0.60 and a beta of 0.07.
Institutional Investors Weigh In On ATRenew
Several large investors have recently added to or reduced their stakes in RERE. Harvest Fund Management Co. Ltd raised its holdings in shares of ATRenew by 162.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company's stock valued at $2,906,000 after acquiring an additional 649,214 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in ATRenew in the second quarter valued at approximately $3,328,000. BRIGHT VALLEY CAPITAL Ltd bought a new stake in ATRenew during the second quarter valued at approximately $1,396,000. Harber Asset Management LLC grew its stake in ATRenew by 14.6% in the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company's stock worth $3,043,000 after buying an additional 139,842 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of ATRenew by 30.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company's stock worth $112,000 after buying an additional 11,011 shares during the last quarter. Institutional investors own 19.29% of the company's stock.
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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