ATRenew Inc. (NYSE:RERE - Get Free Report) shares traded down 5.8% during trading on Thursday . The stock traded as low as $3.04 and last traded at $2.99. 225,724 shares were traded during mid-day trading, a decline of 63% from the average session volume of 615,548 shares. The stock had previously closed at $3.17.
ATRenew Stock Up 3.2 %
The firm has a market capitalization of $749.90 million, a PE ratio of -61.49, a PEG ratio of 0.42 and a beta of 0.10. The stock has a 50-day moving average price of $2.82 and a 200 day moving average price of $2.69.
Institutional Trading of ATRenew
Several institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd increased its position in shares of ATRenew by 162.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company's stock worth $2,906,000 after purchasing an additional 649,214 shares in the last quarter. Harber Asset Management LLC boosted its stake in ATRenew by 14.6% during the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company's stock worth $3,043,000 after purchasing an additional 139,842 shares during the last quarter. Centiva Capital LP grew its holdings in shares of ATRenew by 342.2% during the third quarter. Centiva Capital LP now owns 75,483 shares of the company's stock worth $210,000 after buying an additional 58,413 shares in the last quarter. WT Asset Management Ltd purchased a new stake in shares of ATRenew during the third quarter worth $159,000. Finally, PFG Investments LLC acquired a new stake in shares of ATRenew in the third quarter valued at about $95,000. 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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