Shares of ATRenew Inc. (NYSE:RERE – Get Free Report) shot up 4.7% on Monday . The stock traded as high as $2.78 and last traded at $2.78. 251,634 shares traded hands during trading, a decline of 53% from the average session volume of 535,998 shares. The stock had previously closed at $2.65.
ATRenew Price Performance
The stock has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $2.65.
Institutional Investors Weigh In On ATRenew
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in ATRenew in the fourth quarter valued at approximately $137,000. Quadrature Capital Ltd lifted its stake in shares of ATRenew by 67.8% in the 3rd quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock valued at $197,000 after acquiring an additional 28,569 shares during the last quarter. Harber Asset Management LLC lifted its stake in shares of ATRenew by 14.6% in the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock valued at $3,043,000 after acquiring an additional 139,842 shares during the last quarter. Centiva Capital LP boosted its holdings 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 acquiring an additional 58,413 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in ATRenew in the 3rd quarter worth about $32,000. 19.29% of the stock is owned by institutional investors.
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.
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