ATRenew Inc. (NYSE:RERE - Get Free Report)'s share price shot up 5.1% during trading on Wednesday . The company traded as high as $3.17 and last traded at $3.17. 192,904 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,108,153 shares. The stock had previously closed at $3.01.
ATRenew Price Performance
The firm has a market capitalization of $710.89 million, a P/E ratio of -58.29, a PEG ratio of 0.41 and a beta of 0.08. The company has a fifty day moving average of $3.00 and a 200 day moving average of $2.81.
Institutional Investors Weigh In On ATRenew
Several large investors have recently modified their holdings of the company. Walleye Capital LLC bought a new stake in ATRenew during the third quarter valued at $32,000. Centiva Capital LP boosted its position in shares of ATRenew by 342.2% during the 3rd quarter. Centiva Capital LP now owns 75,483 shares of the company's stock valued at $210,000 after purchasing an additional 58,413 shares in the last quarter. Harber Asset Management LLC grew its stake in ATRenew by 14.6% during the third 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 period. Quadrature Capital Ltd increased its holdings in ATRenew by 67.8% in the third quarter. Quadrature Capital Ltd now owns 70,729 shares of the company's stock worth $197,000 after purchasing an additional 28,569 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in ATRenew in the fourth quarter valued at approximately $137,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.
About ATRenew
(
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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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