Shares of ATRenew Inc. (NYSE:RERE – Get Free Report) shot up 5.1% on Wednesday . The company traded as high as $3.17 and last traded at $3.17. 192,904 shares traded hands during trading, a decline of 83% from the average session volume of 1,108,153 shares. The stock had previously closed at $3.01.
ATRenew Trading Up 5.5 %
The company has a market cap of $774.29 million, a PE ratio of -63.49, a PEG ratio of 0.41 and a beta of 0.08. The stock has a 50 day moving average price of $2.97 and a 200 day moving average price of $2.80.
Institutional Trading of ATRenew
A number of hedge funds have recently modified their holdings of the business. Prescott Group Capital Management L.L.C. lifted its position in ATRenew by 31.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company’s stock valued at $8,742,000 after acquiring an additional 724,415 shares during the period. Squarepoint Ops LLC purchased a new position in ATRenew during the fourth quarter valued at $50,000. Two Sigma Investments LP grew its stake in shares of ATRenew by 38.2% in the fourth quarter. Two Sigma Investments LP now owns 108,516 shares of the company’s stock worth $313,000 after acquiring an additional 30,000 shares during the last quarter. Man Group plc bought a new position in shares of ATRenew in the fourth quarter worth approximately $325,000. Finally, Millennium Management LLC grew its holdings in shares of ATRenew by 252.3% in the fourth quarter. Millennium Management LLC now owns 659,508 shares of the company’s stock worth $1,899,000 after acquiring an additional 472,322 shares during the period. Institutional investors own 19.29% of the company’s stock.
About ATRenew
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.
Featured Articles
- Five stocks we like better than ATRenew
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Energy Transfer: Powering Data With Dividends and Diversification
- What Are Earnings Reports?
- Qualcomm Stock Is Coiling for a Breakout
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Is Alphabet Too Cheap to Ignore After Its Recent Correction?
Receive News & Ratings for ATRenew Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATRenew and related companies with MarketBeat.com's FREE daily email newsletter.
