ATRenew Inc. (NYSE:RERE – Get Free Report) shares rose 3.9% on Tuesday . The company traded as high as $2.11 and last traded at $2.11. Approximately 1,213 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 205,295 shares. The stock had previously closed at $2.03.
ATRenew Stock Up 0.5 %
The business’s 50 day moving average price is $2.55 and its two-hundred day moving average price is $2.71.
Institutional Investors Weigh In On ATRenew
A number of hedge funds have recently made changes to their positions in RERE. Prescott Group Capital Management L.L.C. boosted its position in ATRenew by 338.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 847,635 shares of the company’s stock worth $2,450,000 after buying an additional 654,229 shares during the period. State Street Corp acquired a new stake in ATRenew during the 3rd quarter worth approximately $607,000. Schroder Investment Management Group boosted its position in ATRenew by 73.5% during the 4th quarter. Schroder Investment Management Group now owns 539,532 shares of the company’s stock worth $1,559,000 after buying an additional 228,511 shares during the period. Norges Bank acquired a new stake in ATRenew during the 4th quarter worth approximately $561,000. Finally, BlackRock Inc. boosted its position in ATRenew by 37.1% during the 1st quarter. BlackRock Inc. now owns 685,409 shares of the company’s stock worth $2,426,000 after buying an additional 185,409 shares during the period. 8.82% of the stock is currently owned by institutional investors and hedge funds.
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, household products, and bags 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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